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Keonn'a :Please Help Me.
Questions (1)
This problem practice test:
Abe wants to invest $3000 in a bond paying 2% interest. A. What will be the amount of the bond after
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Answers (1)
I met to type in school subject. A. A=P(1+r/n)^n*t A=$3000(1*0.02/8)^8*8 A=$3000(1+0.0025)^64 A=$3000(1.0025)^64 A=3000(1.173276583) A=3519.829749=3520.82 B. A=P(1+r/n)^n*t 2000=$3000(1+0.02/8)^8*t -2000-2000 $1000(1+0.00025/8)^8t $1000(1.0025)8t
