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Suppose that a loan of 2,500 is given at an interest rate of 8% compounded each year. find the amount owed after 1 year

Solución

Suppose that a loan of 2, 500 is given at an interest rate of 8% compounded each year. find the amount owed after 1 year

Solución

Amount : 2700

Pasos de solución

Translate the problem into an equation:

A = 2500 (1 + \frac{0.08}{1})^{1 \cdot 1}

2500 (1 + \frac{0.08}{1})^{1 \cdot 1} = 2700

Amount : 2700

Ejemplos populares

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