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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. $
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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
User Xlecoustillier
by
4.1k points

1 Answer

3 votes
$6900

$5000+3.8%=$5190

$190x10=$1900

$5000+$1900=$6900
User Johny Skovdal
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4.3k points
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