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You put $500 in an account that earns 4% annual interest. The interest earned each year is added to the principal to create a new principal. Find the total amount in your account after each year for 3 years.
Can you write an equation for this problem?
(Plz give an easy equation someone with the 7th grade percentage understanding can use, thank you, happy quarantine:)

Respuesta :

maybeemmamay

Answer:

I = 60 is your answer

Step-by-step explanation:

Your formula is I = prt. Interest = percent x rate s time.

I= 500 x 4% x 3

I = 60 is your answer

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