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A savings account accrues interest at a rate of 2.5% yearly. If someone opens an account with $1,000, what equation best describes the amount of money in that bank account after n years?

User Starmetal
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1 Answer

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Using the formula
A=P(1+r) ^(n) the equation would look like this:
A = 1,000(1.025)^n
User Masad
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