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Is this correct or not

Is this correct or not
122k views
3 votes
Is this correct or not

Is this correct or not-example-1
User Prakhar Mehrotra
by
8.3k points

1 Answer

1 vote

Answer:

$2898.19

Explanation:

Please, when given an interest rate as a percentage, change it to a decimal fraction, as shown:

A = $2500(1+0.03)^5 = $2898.19


User Jessepinho
by
8.0k points
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