clairehampton2007 clairehampton2007

14-02-2020
Mathematics

contestada

If you put $603 in a savings account that pays 9% for one year what is the amount of money that you will have at the end of the one year

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pixelboy5753421 pixelboy5753421

14-02-2020

Answer:

603*.09=54.27

603+54.27= 657.27

Step-by-step explanation:

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ehughes20236 ehughes20236

14-02-2020

You will have $657.27
I used equation A=P(1+rt)
(P=money in account, r=percent, t=time in years)
9% is converted to 0.09
A=603(1+0.09*1)
A=$657.27

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