06-03-2022
Mathematics

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You deposit 3,500 $ in an account that earns 4% interest compounded yearly. Find the balance after 8 years.

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ngubanebruce26 ngubanebruce26

06-03-2022

Answer:

1st year=4÷100×3 200=128

3 200+128=3328

2nd year=4÷100×3 328=133.12

3328 +133.12=3 461.12

......

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