hannahlande hannahlande

14-12-2019
Mathematics

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You deposit $1200 in an account. The account earns 2.7% simple interest rate. What is the balance of the account after 3 months?

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nonsibi nonsibi

14-12-2019

starting amount(1+interest rate)^number of times applied

1200(1+0.027)^3=1299.84

answer: $1299.84

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