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Tanzania [10]
2 years ago
11

If 2000 is placed into a bank account that pays 3% compound interest per year how much will be in the account after 2 years

Mathematics
1 answer:
Margarita [4]2 years ago
5 0

Answer:

Account Balance = Principal x (1 + interest rate (decimal)) number of years, compounded annually.

Step-by-step explanation:

This is based on the information provided: 2121.80 (1.03)2 = 2000 So, on your initial deposit of 2000, you can collect 121.80 in interest after two years.

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Step-by-step explanation:

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new equation:3x-3/15=x+5/15

now subtract x from both sides: 3x-3/15=x+5/15

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now you can add 3/15 to 5/15

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now for the last step, divide by 2 because there are 2 x's

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