Concept explainers
To find: The total amount in an account if interest is compounded annually.
Answer to Problem 3CYP
The total amount in the account after 3 years compounded annually is
Explanation of Solution
Given information:
Amount invested
Concept and Formula Used:
Calculation:
It is given that
Conclusion:
The total amount in the account after 3 years compounded annually is
Chapter 7 Solutions
Pre-Algebra, Student Edition
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