mjrod99 mjrod99

12-03-2018
Mathematics

contestada

$1,200 is invested in an account earning 6.5% interest compounded annually. How much will there be in the account after 3 years?

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sarai2003 sarai2003

13-03-2018

interest compound= p(r+1)^t A= interest compound

6.5%=6.5/100=0.065
A=1200(0.065+1)^3
A=1449.54

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