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39 votes
39 votes
evelyn invests $3200.00 in an account for 9 months at a 5% annual interest rate, what is evelyns total amount in her account at the end of the term?

User Charleshaa
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1 Answer

25 votes
25 votes

Answer:

3320

Explanation:

So, 9 months is 9/12 of a year which is 3/4.

Each month they get 5/12% of their total money, so 9x5/12=3.75%.

3320

User Denis Pitcher
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3.1k points