Mathematics, 19.04.2021 18:40 shmueller1554
Jamal has $20 in a savings account. The interest rate is 10%, compounded annually.
To the nearest cent, how much will he have in 1 year?
Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
$
Answers: 3
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Jamal has $20 in a savings account. The interest rate is 10%, compounded annually.
To the nearest c...
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