3 years ago

Helpp

Mathematics

1 answer:

Alborosie3 years ago

7 0

17 that’s the answer I did this one before

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Step-by-step explanation:

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n200080 [17]

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Find the balance on a deposit of $455 that earns 4% interest compounded annually for 2 years. $36.40 $491.40 $492.13 $819

STatiana [176]

$A=P(1+ \frac{r}{n})^{tn}$
A=future amount
P=present amount
r=rate in decimal
n=number of times per year compounded
t=time in years

given
P=455
r=4%=0.04
n=1
t=2

$A=455(1+ \frac{0.04}{1})^{(2)(1)}$
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3rd option

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