Sarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Sarah deposited $3000 in an account paying 5.3% per annum compounded semi-
annually.
How much will she have in her account at the end of 7.5 years?
Enter a numeric value only, rounded to 2 decimals places. An answer of $100 should
be entered as 100.00.
Transcribed Image Text:Sarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually. How much will she have in her account at the end of 7.5 years? Enter a numeric value only, rounded to 2 decimals places. An answer of $100 should be entered as 100.00.
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