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Brianna invested $800 in a company which will earn 3% compounded interest yearly. How muc
investment after 7 years?
27
A.7=800(0.3)7
B. y = 800 (0.03)? C. y = 800 (1.03)?
C.y=800(1.03)7
D. y = 500 (1.3)?

Respuesta :

Answer:

B. y = 800 (0.03)

Step-by-step explanation:

B is the right answer

This is because:

3% as a decimal is 0.03. The other options don't have those values so it's obviously eliminated out.

To find the interest after 7 years:

800 (0.03)

Therefore B is the right answer :)

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