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26 December, 07:23

Howard opens a savings account with a deposit of $800. the bank will pay him 3% interest per year.

a. how much will howard receive at the end of 1/2 a year.

b. how much interest will he receive in 1 year?

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  1. 26 December, 07:27
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    800 * (1.03) ^.5 = 811.91

    800 * (1.03) ^1 = 824.00
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