qudejataplin qudejataplin

13-10-2020
Mathematics

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Damien deposited $250 in an account that earned 3.75% interest compounded annually.
He did not make additional deposits or withdrawals.
What will be the balance in this account at the end of 4 years?

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kareem77 kareem77

13-10-2020

Your answer will be
250(1+3.75/100)^4
=289.66260375977
Nearest to =289.7

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