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Help put the work plzzzz

Help put the work plzzzz-example-1
User Shushana
by
6.2k points

1 Answer

4 votes
$‭4,774.64‬
Explanation:
The amount after 10 years assuming 7.5% compound interest is:
= Amount * ( 1 + rate) ^ no. of years
= 4,500 * ( 1 + 7.5%)¹⁰
= $9,274.64
The accumulated interest is:
= Amount after 10 years - Present amount
= 9,274.64 - 4,500
= $‭4,774.64
User Vgel
by
5.4k points
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