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Taneen has a savings account with a balance of $50,000. Find the balance after 10 years with a simple annual interest rate of 2.40%. $12,000 $50,000 $62,000 $63,382.53

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Taneen has a savings account with a balance of $50,000. Find the balance after 10 years with a simple annual interest rate of 2.40%.

$12,000

$50,000

$62,000

$63,382.53

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