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13 October, 07:51

Mikey deposited $782.11 in a savings account that earns 4.3% simple intrest. What is mickeys account balance after 16 years

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  1. 13 October, 08:17
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    Formula: P (1+r) ^t

    782.11 x (1+0.043) ^16

    782.11 x (1.043) ^16 = $1533.97 after 16 years
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