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Bumek [7]
3 years ago
12

Help please, Lol. TvT

Mathematics
1 answer:
zysi [14]3 years ago
3 0

Answer:

-513.22

Step-by-step explanation:

I don't think they earned any profit. but instead lost money. Sorry it was wrong at first, I misread something.

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katen-ka-za [31]

Answer:

B. $5039.58

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compound interest formula: amount = p(1 + \frac{r}{n})^{nt}

p= principal ($2,300)

r= interest rate as a decimal (4% = 0.04)

n= number of times the principal is compounded per year (annually = onceper year so 1 time per year)

t= time in years (20 years)

new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}

That equation equals $2,739.58 which you add to the principal.

$2,739.58 + $2,300 = $5039.58

hope this helps :)

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