18-05-2020
Mathematics

contestada

An account pays 6% coumpound interest in a year 1, the amount in tha account is $70 . How much is in the account in year 5?

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ronhagrid310 ronhagrid310

18-05-2020

Answer:

The amount in account in year 5th should be:

A = 70 x (1 + 6/100)^5 = 93.68$

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