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OpenStudy (anonymous):
A $6,300.00 principal earns 6% interest, compounded annually. After 3 years, what is the balance in the account?
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OpenStudy (anonymous):
That is not an answer choice.
OpenStudy (anonymous):
A.1,360,800 B. 7,503 C.7,434 D.25, 804
OpenStudy (anonymous):
c
OpenStudy (anonymous):
Thanks, I understand now!
OpenStudy (anonymous):
Yes, I mistyped, meant A = 6300(1.06)^3 sorry.
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OpenStudy (anonymous):
but that is answer b, not c !
OpenStudy (anonymous):
Yes I solved it and you were right @douglaswinslowcooper
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