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720s
28-06-2018
Mathematics
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Does anyone know this???
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isaac45bahr
isaac45bahr
28-06-2018
the equation for compounded interest is
initial amount ( interest rate in decimal form ) times compounded
1000(1.02)^1 = 1020$
savings account A earned 20$ in one year
800(1.05)^1 = 840$
savings account B earned 40$ in one year
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