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Posted by on Monday, April 12, 2010 at 2:12am.

A total of 8,000 dollars is invested at anunual interest rate of 1%. Find the balance after 1.5 years, if the interest is compounded annually.
using A=p(1+r/n)^nt

  • statistics please help! - , Monday, April 12, 2010 at 5:31am

    If it is compounded at the end of each year, you only have one year there.
    8,000 *1.01

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