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you are saving money to attend college when you graduate high school. you have $3,000 to invest in your bank account at an annual interest rate of 4.2%. how much will be in the account after 4 years

Respuesta :

The amount that will be in his account after 4 years can be calculated below

[tex]\begin{gathered} I=\frac{PRT}{100} \\ p=\text{ \$3000} \\ R=4.2\text{ \%} \\ T=4 \\ I=\frac{3000\times4.2\times4}{100} \\ I=\frac{50400}{100} \\ I=504 \end{gathered}[/tex]

The amount that will be in his account after 4 years is $504 + 3000 = $3504

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