Find the final amount of money in an account if $1,200 is deposited at 3.5% interest compounded annually and the money is left for 7 years.

asked Aug 12, 2024 93.8k views

5 votes

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2 votes

Answer:

1494

Explanation:

Interest=principal*rate*time

1200*3.5%*7

294

totaly=principal+intetest

1200+294

1494

Fengd answered Aug 16, 2024

by Fengd

8.9k points

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