1. Jacob opens an online-only savings account and deposits $50 each month. The annual interest rate is 2.5 percent. Interest is compou

Question

1. Jacob opens an online-only savings account and deposits $50 each month. The annual interest rate is
2.5 percent. Interest is compounded monthly. What is the total amount in the account after 5 months?

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Kaylee 2 weeks 2022-01-08T15:45:07+00:00 1 Answer 0 views 0

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    0
    2022-01-08T15:46:44+00:00

    Answer:

    Step-by-step explanation:

    Deposit =$50

    Interest= 2.5

    Duration = 5months

    Total amount after 5 months =

    50/100 x 2.5/1

    1.25 x 5

    = $6.25

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45:7+7-4:2-5:5*4+35:2 =? ( )