Mathematics, 15.01.2021 02:00 kateykob01
A savings account pays a 3% nominal annual interest rate
and has a balance of $1,000. Any interest earned is
deposited into the account and no further deposits or
withdrawals are made.
Write an expression that represents the balance in one
year if interest is compounded annually.
Note: to create an exponent, highlight what you want to
raise and click on x2 in the menu above.
Answers: 3
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A savings account pays a 3% nominal annual interest rate
and has a balance of $1,000. Any interest...
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