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wariber [46]
2 years ago
11

Oliver deposits $1,000 in his Interest-bearing bank account. The balance increases by %15 each month

Mathematics
1 answer:
Volgvan2 years ago
5 0

Step-by-step explanation:

Oliver deposits P= $1,000

Then total amount A after n months given that the balance increases by %15 each month can be calculated as

A= 1000(1+15/100)^n

Assuming the increase in amount is compounded monthly.

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