Tiana has $70 in an account. The interest rate is 5% compounded annually. To the nearest cent, how much will she have in 1 year?

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Megan Squire asked Jul 25, 2023

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Tiana has $70 in an account. The interest rate is 5% compounded annually.

To the nearest cent, how much will she have in 1 year?

Mathematics
high-school

Megan Squire asked Jul 25, 2023

by Megan Squire

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13 votes

Answer: $73.5

Explanation:

Nico TeWinkel answered Jul 28, 2023

by Nico TeWinkel

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24 votes

Answer:

$73.5

Explanation:

*1.05 interest every year

so all you have to do is 70*1.05=73.5

Darius Mann answered Aug 1, 2023

by Darius Mann

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