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30-05-2020
Mathematics

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If 2000 dollars is invested in a bank account at an interest rate of 4 per cent per year, then what is the amount in the bank after 6 years if interest is compounded monthly?

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zrh2sfo zrh2sfo

01-06-2020

Answer:

A = $ 2,541.48

A = P + I where

P (principal) = $ 2,000.00

I (interest) = $ 541.48

Step-by-step explanation:

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