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ikrabbe ikrabbe
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6 years ago
Bart deposited $4300 into a savings account with a rate of 1.4% p.a. After 200 days, what is the maturity value of the deposit?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
P = 4300;  r = 1.4% = 0.014;  t = 
S = (4300)
= (4300)[1 + (0.0077)]
= (4300)[1.0077]
= 4333.11
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