Mathematics, 13.11.2020 01:30 jshhs
David invested $230 in a savings account that offers a 3% return on the investment. The value of David's investment will be at least $415 after a period of years. Hint: Use the formula A = P(1 + r)t, where A is the amount after t years, P is the amount invested, r is the rate of interest, and t is the time period. Use a calculator to compute the answer, and round it off to the nearest year.
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David invested $230 in a savings account that offers a 3% return on the investment. The value of Dav...
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