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Mary Borrowed $3,000 at the rate of 8% per annum interest is compounded annually calculate the total amount owed at end of the 2 years? ​

Mary Borrowed $3,000 at the rate of 8% per annum interest is compounded annually calculate the total amount owed at end of the 2 years? ​
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Mary Borrowed $3,000 at the rate of 8% per annum interest is compounded annually calculate the total amount owed at end of the 2 years?

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User NeitoFR
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7.2k points

1 Answer

0 votes

Answer:

A=P×(1+r÷100)t

A=3000×108÷100×108÷100

A=17496÷2

A=3499.2

Explanation:

answered
User Toleo
by
7.3k points
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