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A bank account balance, b, for an account starting with s dollars, earning an annual interest rate,

A bank account balance, b, for an account starting with s dollars, earning an annual interest rate,
asked 222k views
3 votes
A bank account balance, b, for an account starting with s dollars, earning an annual interest rate,

A bank account balance, b, for an account starting with s dollars, earning an annual-example-1
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User SANJAY GUPTA
by
8.3k points

1 Answer

6 votes
b = 200(1 + 0.04)^10 = 200(1.04)^10 = 200(1.48) = $296
answered
User Muqeet Khan
by
7.8k points
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