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I need help understanding no. 1 part c)

I need help understanding no. 1 part c)-example-1
User GregPK
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well if u add 3,000 +4.77% =3,143.1+4.77%=3,293.02587+4.77%=3,450.10320
is +4.77% intrest is as close as i could caulculate it i makes 3,450.10320
User Andrew Cetinic
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