50-45+56/2+(5+7)-6+9675
2 answers:
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Answer:
2730$
Step-by-step explanation:
The amount of money left in the account after n years is given by the equation
where
is the initial amount of money
r is the rate of interest
n is the number of years
In this problem, we have:
is the initial amount of money
is the interest rate (5%)
n = 1 is the number of years
Therefore, the amount of money after 1 year is