hennessybad hennessybad

10-03-2019
Mathematics

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9000 dollars is placed in an account with an annual interest rate of 8%. How much will be in the account after 17 years, to the nearest cent?

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sameer1bajaj sameer1bajaj

10-03-2019

Answer:

$21,240

Step-by-step explanation:

8% of 9000 dollars is $720, meaning that in 17 years, there will be 9000 + 720 x 17 in the account. 720 x 17 = 12240, meaning that in 17 years, there will be $21240 in the account

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