Question

Robert invested $25,000 in an account that pays 4.5% interest compounded weekly. After 3 years,

what is the balance of his account?

Answer 1

28,375 dollars

Explanation:

25,000 times .045 = 1,125

1,125 times 3 equals 3,375

25,000 + 3,375 = 28,375

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