Elena has a saving account with $1,250. If she does not deposit or withdraw any money from the account and it earns 1.8% interest compounded daily, how much money is in her account after 120 days? Remember the formula for the amount of money in an account earning compound interest is... A = P(1 + k Which equation below would give the answer to this question?

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

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A: The interest charged is $9.27  The balance = $3708 To calculate the annual interest, use the formula…

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A: We have to solve for t when p = $5,600, r= 2%, and A=$5,936.

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A: Follow the steps.

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Q: Name the formula that you use to solve the following problem. How much money should be deposited…

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Q: A college student has invested $4200 in an account that pays 1.6% interest compounded monthly. Which…

A: ANSWER IS AS BELOW:

Q: Suppose you invest $2500 in an account that pays 5% interest compounded monthly. How much money will…

A: Given,P= $2500, r = 5% = 5/100 = 0.05 , n = 12 ( Since, interest compounded monthly). t = 4 years.