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30 August, 09:53

If you invest $40 in an account for 10 years at a 3% interest rate how much money will you have?

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  1. 30 August, 10:21
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    A=P (1 + rt)

    P (principal, how much you put in) = $40

    r (rate) = 3% = 0.03

    t (time in years) = 10 years

    Therefor A=$52
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