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Mathematics 11 Online
OpenStudy (lindseyhope123):

PLEASE HELP!!!

OpenStudy (lindseyhope123):

OpenStudy (lindseyhope123):

@Mehek14 can you help me with this?

OpenStudy (lindseyhope123):

@zepdrix ??

zepdrix (zepdrix):

We have a formula for compound interest,\[\large\rm A=P\left(1+\frac{r}{n}\right)^{nt}\] Where P is the principal / starting amount, r is the rate of increase, 1.5% or 0.015 in our case, n is the number of compoundings per period, n=1 for our problem.

zepdrix (zepdrix):

So fill in the pieces, they just want the formula, ya?

zepdrix (zepdrix):

Oh and t=50 years

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