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marta [7]
3 years ago
9

Avery deposited $1,250 in a new savings account. Determine which amount is closest to the balance of the account at the end of 3

years at 5.5% interest compounded annually if she did not make any further deposit or withdrawal.
Mathematics
1 answer:
makkiz [27]3 years ago
8 0

Answer:

$1456.25

Step-by-step explanation:

Given data

P= $1,250

t= 3 years

r=5.5%

The compound interest expression is given as

A= P(1+r)^t

substitute

A=  1250(1+0.055*3)

A=  1250(1+ 0.165)

A= 1250(1.165)

A= 1456.25

Hence the amount after 3 years is $1456.25

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erik [133]
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simplify the equation

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3 years ago
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Answer:

P(C4) = 0.0711

Step-by-step explanation:

consider the first draw = 15/23  since it cannot be a blue ball

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= (8/41) * (15/23) * (21/29)* (27/35) = 0.0711

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Answer:

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Step-by-step explanation:

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