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Mr. M has placed his tax return into an account that pays 3% interest added to his account each
year. After 20 years he has $5,418.
SAILI+0.03)

Respuesta :

temitopefasola11

Answer:

Using Amount = p(1 + rt)

$5418 = p(1 + 0.03 × 20)

From R.H.S

= p( 1 + 0.6)

= p(1.6)

$5418 = p(1.6)

$5418/1.6 = p

$3386.25 = p(tax return)

177ay79

Answer:

$3386.25

Step-by-step explanation:

5418=p(1+0.03 * 20)

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