Mathematics, 10.10.2021 14:00 Megcuttie101
How much interest would $1,700 earn in one year at the rate of 4%, compounded annually? What would be the new balance?
Solution
The first year of interest compounded annually can be found by using the formula
The account would earn $ interest, and
the balance after one year is $
Answers: 3
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How much interest would $1,700 earn in one year at the rate of 4%, compounded annually? What would b...
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