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total amount = P (1 + i)t Sara borrowed $500 for four years at 3 percent interest, compounded annually. Use the formula to calculate the total amount she will have paid back.
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total amount = P (1 + i)t Sara borrowed $500 for four years at 3 percent interest, compounded annually. Use the formula to calculate the total amount she will have paid back.

User Tyrese
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500(1+0.03)^4=???? Hope it helps :-)
User Keem
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