HELP!!!!!!! Mrs. Hudson invested $700 in an account that draws 3% interest, compounded annually. What is the total value of the account after 20 years.

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asked Oct 12, 2018 230k views

1 vote

HELP!!!!!!! Mrs. Hudson invested $700 in an account that draws 3% interest, compounded annually. What is the total value of the account after 20 years.

Mathematics
middle-school

Dannis Case asked

by Dannis Case

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1 Answer

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I=$700
R=-3%
T=20 years

I•R•T=-420

700-420=$280

The account is a total of $280.

ChanGan answered Oct 18, 2018

by ChanGan

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