kellidix0131 kellidix0131
  • 25-05-2021
  • Mathematics
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sqdancefan
sqdancefan sqdancefan
  • 26-05-2021

9514 1404 393

Answer:

  $705.78

Step-by-step explanation:

Put the given numbers in the formula and do the arithmetic.

  P = $300, r = 0.13, n = 1, t = 7

__

  A = $300.00(1 + 0.13/1)^(1·7)

  A = $300·(1.13^7) ≈ $300·2.35260548

  A = $705.78

There will be $705.78 in the account after 7 years.

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