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Solve the Problem. -The Amount of Money in an Account Is Given by Is

Question 116

Multiple Choice

Solve the problem.
-The amount of money in an account is given by Solve the problem. -The amount of money in an account is given by where P is the principal invested, r isthe interest rate (as a decimal) , and t is the time of the investment. Find the amount at the end of 2 years if $600 is invested at 5%. Round to the nearest cent. A) $900.00 B) $630.00 C) $1,350.00 D) $661.50 where P is the principal invested, r isthe interest rate (as a decimal) , and t is the time of the investment. Find the amount at the end of 2 years if $600 is invested at 5%. Round to the nearest cent.


A) $900.00
B) $630.00
C) $1,350.00
D) $661.50

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