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scZoUnD [109]
3 years ago
9

you deposit $1600 in a bank account. find the balance after 3 years if the account pays 1.75% annual interest compounded quarter

ly
Mathematics
2 answers:
professor190 [17]3 years ago
7 0

9514 1404 393

Answer:

  $1686.05

Step-by-step explanation:

The amount with compound interest is ...

  A = P(1 +r/n)^(nt)

for principal P earning annual rate r compounded n times per year for t years.

  A = $1600(1 +0.0175/4)^(4·3) = $1686.05

The balance after 3 years is $1686.05.

algol [13]3 years ago
3 0

Answer:

the answer is $1686.05

Step-by-step explanation:

:))

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Alexus [3.1K]
2(4 - 2r) = -2(r + 5)

First, divide both sides by -2. / Your problem should look like: -4 + 2r = r + 5
Second, regroup your terms. / Your problem should look like: 2r - 4 = r + 5
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