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Mikey deposited $782.11 in a savings account that earns 4.3% simple intrest. What is mickeys account...
5 months ago
Q:
Mikey deposited $782.11 in a savings account that earns 4.3% simple intrest. What is mickeys account balance after 16 years
Accepted Solution
A:
formula: P(1+r)^t
782.11 x (1+0.043)^16
782.11 x (1.043)^16 = $1533.97 after 16 years