$300 invested at 12% compounded monthly after a period of 1.5 years

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$300 invested at 12% compounded monthly after a period of 1.5 years

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Bella 1 month 2021-10-17T11:29:50+00:00 1 Answer 0 views 0

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    2021-10-17T11:30:59+00:00

    Answer: $358.8 to the nearest tenth

    Step-by-step explanation:

    Compound interest is calculated by Where: A = P(1 + r)t

    Where P= 300, r= 12% = 0.12, t= 1.5 years

    Slot in the figures

    300 (1 + 0.12) 1.5

    300 (1.12) 1.5

    300x 1.12

    336e1.12

    A = $ 358.84

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