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Mathematics, 23.11.2021 01:10 trisngle2565

Hi, I need help with this question and pls give me an explanation. The equation A= 1300(1.02)^7 is being used to calculate the amount of money in a savings account. What does 1.02 represent in this equation?
(1) 0.02% decay (3) 2% decay
(2) 0.02 growth (4) 2% growth

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Hi, I need help with this question and pls give me an explanation. The equation A= 1300(1.02)^7 is...
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