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Artist 52 [7]
3 years ago
10

$300, 5%, 2 years explain

Mathematics
2 answers:
sasho [114]3 years ago
8 0

Answer:

16,000

Step-by-step explanation:

trust me it's right

dsp733 years ago
6 0
<h2>ANSWER:</h2><h2 /><h2><u>1</u><u>6</u><u>,</u><u>0</u><u>0</u><u>0</u></h2>

<h2><u>EXPLA</u><u>NATION</u><u>:</u></h2>

<u>3</u><u>0</u><u>0</u><u>+</u><u>5</u><u>%</u><u>+</u><u>2</u><u>YEARS</u><u>=</u><u>1</u><u>6</u><u>,</u><u>0</u><u>0</u><u>0</u>

<u>HOPE</u><u> IT</u><u> HELPS</u><u> YOU</u>

<u>CAN</u><u> </u><u>YOU</u><u> BRAINLEST</u><u> ME</u>

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katen-ka-za [31]

Answer:

B. $5039.58

Step-by-step explanation:

compound interest formula: amount = p(1 + \frac{r}{n})^{nt}

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r= interest rate as a decimal (4% = 0.04)

n= number of times the principal is compounded per year (annually = onceper year so 1 time per year)

t= time in years (20 years)

new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}

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hope this helps :)

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