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Jackie885
Jackie885 Jackie885
  • 06-06-2016
  • Mathematics
Answered

On your birthday, you deposit $540.00 in a account that pays 6% interest, compounded annually. How much is in the account 3 years later?

Verified Answer :

jojo090801
jojo090801 jojo090801
  • 06-06-2016

6% of 540 is 32.4
32.4 x 3 = 97.2
97.2 + 540 = 637.2

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