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Lexis929 Lexis929
  • 10-03-2015
  • Mathematics
Answered

Find the balance of a bank account with an initial investment or principal of $1,500 that earns 3.2% interest compounded quarterly after 15 years.

Verified Answer :

secret13 secret13
  • 10-03-2015

I = PRT

I = 1,500 × 0.032 × 15

I = 720

Answer Link

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