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If you put $603 in a savings account that pays 9% for one year what is the amount of money that you will have at the end of the one year
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3 votes
If you put $603 in a savings account that pays 9% for one year what is the amount of money that you will have at the end of the one year

User Gforcada
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2 Answers

4 votes
You will have $657.27
I used equation A=P(1+rt)
(P=money in account, r=percent, t=time in years)
9% is converted to 0.09
A=603(1+0.09*1)
A=$657.27
User Yam
by
3.7k points
6 votes

Answer:

603*.09=54.27

603+54.27= 657.27

Explanation:

User Mehdi Daustany
by
3.3k points
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