Bob deposited $600 in an account that pays 3% interest compounded annually. What is the balance of Bob's account at the end of 5 years?

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asked Apr 27, 2022 91.8k views

4 votes

Bob deposited $600 in an account that pays 3% interest compounded annually. What is the balance of Bob's account at the end of 5 years?

Mathematics
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Kdog asked

by Kdog

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2 Answers

3 votes

Answer:

$690 Try calculatorsoup dot com Total P+I (A)?

Explanation:

MadAsAHatter answered Apr 29, 2022

by MadAsAHatter

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3 votes

Answer:

$690

Explanation:

600 [1 + (0.03 * 5)]= 690

Alexx answered May 3, 2022

by Alexx

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