Mathematics, 10.10.2021 14:00 Megcuttie101

How much interest would $1,700 earn in one year at the rate of 4%, compounded annually? What would be the new balance? Solution

The first year of interest compounded annually can be found by using the formula

The account would earn $ interest, and

the balance after one year is $

Answers: 3

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How much interest would $1,700 earn in one year at the rate of 4%, compounded annually? What would be the new balance? Solution The first year of interest compounded annually can be found by using the formula The account would earn $ interest, and the balance after one year is $

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Other questions on the subject: Mathematics

Questions in other subjects:

How much interest would $1,700 earn in one year at the rate of 4%, compounded annually? What would be the new balance? Solution

The first year of interest compounded annually can be found by using the formula

The account would earn $ interest, and

the balance after one year is $