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5 December, 23:44

John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years?

• $3,272.50

• $3,281.48

• $5,493.86

• $7,735.00

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Answers (1)
  1. 6 December, 03:39
    0
    2975✖️.04 = 119

    119✖️2.5=297.5

    2975+297.5=3,272.50
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