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Tessa invested 7,179 into an account that earned interest at an annual rate of 3%. How much money will she have in the account after 4 years?

Solution

Tessa invested 7, 179 into an account that earned interest at an annual rate of 3%. How much money will she have in the account after 4 years?

Solution

Amount : 8040.48

Solution steps

Translate the problem into an equation:

A = 7179 (1 + 0.03 \cdot 4)

7179 (1 + 0.03 \cdot 4) = 8040.48

Amount : 8040.48

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