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Math

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find the amount of money in a bank account given the following conditions. Initial deposit= $2000, annua rate= 5.5%, time= 4 years?

  • Math - ,

    Pt = Po + r*t*Po,

    Pt = 2000 + 0.055*4*2000,
    Pt = 2000 + 440 = 2440.

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