Correct answer only please!
Clare has $5,003 in a savings account that earns 8% interest...
Mathematics, 02.06.2020 05:57 AldecuaF10
Correct answer only please!
Clare has $5,003 in a savings account that earns 8% interest, compounded annually.
To the nearest cent, how much interest will she earn in 4 years?
Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
Answers: 1
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