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The expression 3,500 (1 +0.028) 4trepresents the amount of money in a savings account,where interest compounds quarterly, after t years since the account was opened. What does(1+0.028) represent?
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The expression 3,500 (1 +0.028) 4trepresents the amount of money in a savings account,where interest compounds quarterly, after t years since the account was opened. What does(1+0.028) represent?

The expression 3,500 (1 +0.028) 4trepresents the amount of money in a savings account-example-1
User Nallath
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27 votes

The answer is the option B

User Ygoe
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