Camilla has $18,220 in a savings account. The interest rate is 5% per year and is notcompounded. To the nearest dollar, how much will she have in total in 3 months?

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Answered: Camilla has $18,220 in a savings…

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section: Chapter Questions

Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...

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Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To the nearest dollar, how much will she have in total in 3 months?