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Mathematics 15 Online
OpenStudy (bieber896):

HELLPP Find the balance in the account after the given period $3500 deposit earning 6.75% compounded monthly after 6 months a. $3,619.80 b. $3,743.70 c. $3,748.22 d. $4,860.36

OpenStudy (bieber896):

@Ghostgate

OpenStudy (tkhunny):

Have you considered calculating it? What is the balance after one (1) month?

OpenStudy (anonymous):

You are supposed to use the compound interest formula: \[A=P(1+\frac{r}{n})^{nt}\]

OpenStudy (bieber896):

so where do i plug in the numbers?

OpenStudy (anonymous):

Let me show you an example: see picture:

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