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Thomas his grandfather put $1000 in the bank for him when he was born. The account has been earning 5.25% interest compounded annually. Write an equation to see how much money h…

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asked May 16, 2022 185k views

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Thomas his grandfather put $1000 in the bank for him when he was born. The account has been earning 5.25% interest compounded annually. Write an equation to see how much money he would have to after 18 years.

Mathematics
high-school

Graygilmore asked

by Graygilmore

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5.25% of 1000 is 52.5 x 18 = 945 of u needed to add them then it would come to a total of 1945

Romulo answered May 22, 2022

Thomas his grandfather put $1000 in the bank for him when he was born. The account has been earning 5.25% interest compounded annually. Write an equation to see how much money h…

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