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9 April, 21:25

What is the total amount after 2 years?

An initial amount of $600 is invested in a compound

savings account with an annual interest rate of 3.5%

1. Define variables

2. Substitute into formula

A = P (1+r)

3. Evaluate

What is the total amount after 4 years?

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Answers (1)
  1. 9 April, 21:27
    0
    the first one is 642.74 and the second one 688.51
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