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Could I get some help please?
Please add an explanation if possible.

Could I get some help please? Please add an explanation if possible.-example-1
User Phlume
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1 Answer

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Answer:


\mathsf{P = 45,230 {(1 + 0.02)}^(t) }

Explanation:

Since P is growing every year at the rate of 2%.

It's an case similar finding of compounds interest.

that why we are using the formula of compounds interest in this situation.

User Meysam Izadmehr
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