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swtnru4509
03.08.2019 •
Mathematics
Nina deposits $3500 into savings account. the rate of simple interest is 5.5% p.a. a) by how much does the amount in her account increase each year? b) determine the amount in her account at the end of each year for the first 5 years.
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Ответ:
B) The problem makes no mention of compounding, so we assume simple interest is paid. (Most accounts do not work this way.)
.. at the end of 1 year, 3500 +192.50 = $3692.50
.. at the end of year 2, 3692.50 +192.50 = $3885.00
.. at the end of year 3, 3885.00 +192.50 = $4077.50
.. at the end of year 4, 4077.50 +192.50 = $4270.00
.. at the end of year 5, 4270.00 +192.50 = $4462.50
Ответ:
Step-by-step explanation:
the solution is 7√7 so I belive that it's A