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Mathematics 5 Online
OpenStudy (anonymous):

How long must $4100 be in a bank at 5% compounded annually to become $5769.11?

OpenStudy (anonymous):

to solve, you want to use the compound interest formula where P = 1+r/n^nt

OpenStudy (aric200):

410=10% of 4100 5% = 205 so 5769.11/ 205?

OpenStudy (aric200):

8 years

OpenStudy (anonymous):

thanks!

OpenStudy (aric200):

Please give a medal.. hhaa

OpenStudy (aric200):

@sonyrang

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