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Lydia deposits $300 into an account that earns 3% interest, and is compounded annually. Calculate the amount in the account after 4 years (Round your answer to the nearest cent) Balance=Principal x(1+interest rate)^time

 May 15, 2019
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300 ( 1 + .03)^4  = $337.65

 

 

cool cool cool

 May 15, 2019

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