Mathematics, 06.03.2020 21:14 aalyssag606
Matthew invested $5000 in an account that earns 3.8% interest . how much did matthew have in his account after 3 years
Answers: 3
![\bf ~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$5000\\ r=rate\to 3.8\%\to \frac{3.8}{100}\dotfill &0.038\\ t=years\dotfill &3 \end{cases} \\\\\\ A=5000[1+(0.038)(3)]\implies A=5000(1.114)\implies A=5570](/tpl/images/0535/9737/53fb2.png)
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Matthew invested $5000 in an account that earns 3.8% interest . how much did matthew have in his acc...
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