sophkeis6157 sophkeis6157

09-09-2017
Mathematics

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Jose now has $500. how much would he have after 6 years if he leaves it invested at 6.7% with annual compounding?

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beartheory beartheory

09-09-2017

formula: (principal sum× rate× time) ÷100 = interest

interest: (500×6×6.7) ÷100= 201
201+ 500= 701

hope this helps!

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