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Sarah Barrowed 500 for four years at 3% interest rate compounded annually use the formula to calculate the total amount she will have to pay back

Sarah Barrowed 500 for four years at 3% interest rate compounded annually use the formula to calculate the total amount she will have to pay back
asked 212k views
4 votes
Sarah Barrowed 500 for four years at 3% interest rate compounded annually use the formula to calculate the total amount she will have to pay back

asked
User Argy
by
8.4k points

1 Answer

6 votes
A=p (1+r)^t
A=500×(1+0.03)^(4)
A=562.75
answered
User Gelldur
by
8.6k points
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