Compound Interest - Questions - Class Mathematics School Portal

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Question 1

29565

Answer

$4049.02

Worked Solution

\begin{aligned}
A &=P(1+r)^{n} \\
A &=3200(1+0.04)^{6} \\
&=3200(1.04)^{6} \\
&=\$ 4049.02
\end{aligned}

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