sofiavjacobo418 sofiavjacobo418

12-05-2022
Mathematics

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Tiana has $70 in an account. The interest rate is 5% compounded annually.
To the nearest cent, how much will she have in 1 year?

Respuesta :

MrWisdom MrWisdom

12-05-2022

Answer:

73 dollars and 50 cents

Step-by-step explanation:

Initial Deposit:

70

Years to Save:

1

Estimated Rate of Return

5

Compound Frequency:

Annually

Earned Interest

$3.50

Total Balance

$73.50

Hope this helps!

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