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juin [17]
3 years ago
6

Pleaseeeeeeeeeee help me ​

Mathematics
1 answer:
il63 [147K]3 years ago
4 0
The answer would be C
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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.

<h3>Compound interest</h3>

Compound interest is given by:

A=P(1+\frac{r}{n})^{nt}

where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period

Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:

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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.

Find out more on Compound interest at: brainly.com/question/24924853

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