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Noel has $60.00 in a savings account that earns 5% interest compounded annually. what will the balance be after 3 years

Noel has $60.00 in a savings account that earns 5% interest compounded annually. what will the balance be after 3 years
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5 votes
noel has $60.00 in a savings account that earns 5% interest compounded annually. what will the balance be after 3 years

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User Amir Gorji
by
7.5k points

1 Answer

4 votes
60x0.05=3
63x0.005=3.15
66.15x0.05=3.3
69.45
answered
User Laxmi Agarwal
by
8.6k points
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