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6 May, 07:25

Ponce Leon has a principal of $900 in his savings account on October 1. The money earns an APR of 6.5% calculated quarterly as simple interest. What is the amount in the account on July 1 of the following year?

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  1. 6 May, 08:12
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    A=900 * ((1 + (0.065:4) * (9:12)))

    A=910.96
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