jadent20753 jadent20753
  • 09-01-2023
  • Mathematics
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John has $4,069 in an account. The interest rate is 12% compounded annually. To the nearest cent, how much interest will he earn in 1 year? Use the formula B=p(1+r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years. $

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