Mathematics, 10.03.2021 23:40 bronson62
Zane has $40 in a savings account that earns 5% interest, compounded annually.
)) To the nearest cent, how much will he have in 2 years?
)) Use the formula B = P(1 + r), 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.
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Answers: 1
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Zane has $40 in a savings account that earns 5% interest, compounded annually.
)) To the nearest ce...
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