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13 October, 13:05

find a bank account balance if the account starts with $100, has an annual rate of 4%, and the money left in the account for 12 years.

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  1. 13 October, 15:40
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    160.10

    Step-by-step explanation:

    y=a (1. growth factor) ^x

    y=100 (1.04) ^12

    y=100 (1.6010)

    y=160.10
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