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anonymous

  • one year ago

please help with 6th grade math? I don't understand this at all!

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  1. anonymous
    • one year ago
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    ok what can i do

  2. anonymous
    • one year ago
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    @Michele_Laino

  3. anonymous
    • one year ago
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    Evergreen bank offers 5% simple interest on deposits. Pot O' Gold bank offers 4% interest compounded annually. Patrick deposited $2000 into each bank to remain 3 years. A. Find the final balance at Evergreen Bank. Show All Your Work

  4. anonymous
    • one year ago
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    I have a b and c too i just wanna do on at a time

  5. anonymous
    • one year ago
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    @ganeshie8

  6. anonymous
    • one year ago
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    @Kainui

  7. anonymous
    • one year ago
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    For simple interest, the formula is I=PRT/100 where P= Present value R= Interest rate T= Time ( no. of years) I= Interest So, for Evergreen Bank, the interest would be I=(2000×5×3)/100=$300 The final balance would be 2000+300=$2300

  8. anonymous
    • one year ago
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    For compound interest, the formula is, FV=P×(1+r)n here FV= Future value P= Present value r= Annual interest rate ( as a decimal) n= no. of years So, for Pot O' Gold bank, the final balance would be: FV=2000×(1+0.04)3=$2249.728

  9. anonymous
    • one year ago
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    ok thx

  10. anonymous
    • one year ago
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    no prob you are welcome

  11. anonymous
    • one year ago
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    i know how to do the rest now thanks :D

  12. anonymous
    • one year ago
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    ok anything else just tag me and i will do my best to help answer

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