SOLUTION: Fatima invests $14,000 at 3% simple interest for 1 year. How much is in the account at the end of the 1 year period ?
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Question 1047814: Fatima invests $14,000 at 3% simple interest for 1 year. How much is in the account at the end of the 1 year period ?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Fatima invests $14,000 at 3% simple interest for 1 year. How much is in the account at the end of the 1 year period ?
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A(t) = P(1+r*t)
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A(1) = 14000*(1.03) = $14,420
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Cheers,
Stan H.
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