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jennarosebrand3518
28.06.2019 •
Mathematics
The apr of caesar's savings account is 3.6% and interest is compounded monthly the principal and cesar savings account with $6,600 for an entire year what will be the balance of his account after the interest is paid for the year
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Ответ:
$6841.56
Step-by-step explanation:
formula for compound interest is
P is the initial amount= 6600
r is the rate of interest = 0.036
t is the number of years = 1
n = compounded monthly = 12
plug in the values in the formula
A= 6841.55986990
$6841.56 is the balance of his account after the interest is paid for the year
Ответ: