SOLUTION: Carla has $1000.00 in her bank account. Each year, she receives 50% interest on the total money in her bank account. How much money will she have at the end of 3 years?
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Question 769635: Carla has $1000.00 in her bank account. Each year, she receives 50% interest on the total money in her bank account. How much money will she have at the end of 3 years? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Carla has $1000.00 in her bank account. Each year, she receives 50% interest on the total money in her bank account. How much money will she have at the end of 3 years?
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A(3) = 1000*1.5^3 = $3375.00
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Cheers,
Stan H.
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