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3 years ago

Can someone please help me?

Mathematics

1 answer:

ahrayia [7]3 years ago

3 0

Answer:

$2000

Step-by-step explanation:

The value of the savings account is

v(m) = 2000(1.005)^m

where m is the number of months.

Compare with the formula for compound interest,

F = P(1 + r)^(nt)

where P = principal amount invested.

Answer: $2000

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4 years ago

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