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Tyler deposits $1500 of the $3200 he has earned in an account that pays 4% interest compounded annually... How much will he have in 1 year?
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Tyler deposits $1500 of the $3200 he has earned in an account that pays 4% interest compounded annually... How much will he have in 1 year?

User Sambulo Senda
by
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1 Answer

4 votes
I=prt
I=1500(0.04)(1)
1500•0.04•1= $60
User PPC
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