Across invested $500 for 3 years at a rate of 2.8% per year compound interest. Calculate the final amount he has after 3 years.
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Answer:
A =p(I +r/100)n
A = 500 (1 +2.8/100)^3
= 500x(102.8/100)^3
= 543.l9
Amt.after 3 yrs=$543.19
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