jayvien7
Answered

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Gavin invests $5,000 in a savings account that pays 3.75% simple interest. How much will be in the account after 6 years if Gavin makes no withdrawals or deposits to the account?​

Sagot :

allieadams4

Answer:

$6261.62

Step-by-step explanation:

A=Pe^rt forumla

A=5000e^0.0375(6)=6261.612633

I rounded e to 2.71828 for calculator reasons

and I rounded the number two places since it is a monetary value.

I tried hope it helps!!!

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