Is this correct or not

asked Feb 23, 2019 122k views

3 votes

6.4k points

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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

Jessepinho answered Feb 28, 2019

5.9k points

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