My father invests $5000 in a new bank that has an annual interest rate of 3.8%. Find the balance after 10 years if it is compounded yearly. Round your answer to the nearest whole dollar. $

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Julien Sorin asked Mar 4, 2022

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My father invests $5000 in a new bank that has an annual

interest rate of 3.8%. Find the balance
after 10 years if it is compounded yearly. Round your answer to
the nearest whole dollar.
$

My father invests $5000 in a new bank that has an annual interest rate of 3.8%. Find-example-1

Mathematics
high-school

Julien Sorin asked Mar 4, 2022

by Julien Sorin

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16 votes

$6900

$5000+3.8%=$5190

$190x10=$1900

$5000+$1900=$6900

Jnorris answered Mar 9, 2022

by Jnorris

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