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18 November, 10:31

Mr thompson plans to invest $7,500 in a savings account that earns 2.75% simple nnual interest. If he makes no other deposits or withdrawals, how much money will his account be worth after 10 years?

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  1. 18 November, 10:48
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    Y=7,500 (1+0.0275) ^x

    y=7,500 (1.0275) ^10

    y=9,837.38
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