# math

You have 700 dollars in your bank account. Suppose your money is compounded every month at a rate of 0.5 percent per month.
(a) How much do you have after t years.
(b) How much do you have after 100 months

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1. amount = 700(1.005)^(12t)

amount = 700(1.005)^100
= 1152.67

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posted by Reiny

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