ashia16 ashia16

27-04-2017
Mathematics

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You start an account with $500 and an intend rate of 6% compounded yearly. How much is in the account after 3 years?

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27-04-2017

$595.51

Work 500x1.06=530x1.06=561.80x1.06=595.508

Rate is .06. But if you put 1 in front of number it automatically added last year with the following year

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