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OpenStudy (anonymous):
algebra
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OpenStudy (anonymous):
OpenStudy (mathmale):
Here you invest $400 at the interest rate 7.25% for 7 years. P=principal=$400; r=interest rate as a decimal fraction = 0.0725; t=time= 7 years. Please find the formula for Amount, A, under the topic "compound interest."
OpenStudy (mathmale):
You'll need to find the appropriate formula. Look up "compound interest." I'm happy to guide you, but am not going to give you answers without your input.
OpenStudy (anonymous):
i need the formula
OpenStudy (mathmale):
Please look up "compound interest formula" on the Internet. I'd like to help you develop the ability to find the info you need yourself. I know the formula, but to just give it to you will not help you much.
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