linzieholl linzieholl

28-04-2017
Mathematics

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A new savings account is opened with $700 and gains 3.1% annual interest compounded monthly. How much is in the account after 3 years

A)$2100.92
B)$1753.33
C)$768.13
D)$705.44

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Aliwohaish12 Aliwohaish12

28-04-2017

A=700×(1+0.031÷12)^(12×3)
A=768.13

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