Question

7800 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the account after 29 years, to the nearest cent?

Answer 1

Answer:

Y= THE AMOUNT OF DOLLARS IN THE BANK ACCOUNT TO THE NEAREST CENT

X = AMOUNT OF YEARS THE $ IN THE ACCOUNT IS ACCRUING INTEREST

Y = $7,800.00 (1.065) ^ x

Y = $7,800.00 (1.065) ^ 29 YEARS

Y = $48,443.25

Step-by-step explanation:

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