You invested 6500 in a savings account once you graduate high school. The account earns 4.5% annual interest. How much money will be in the account after 6 years?

Solution

Solution

Amount : 8255

Solution steps

Translate the problem into an equation:

A = 6500 (1 + 0.045 \cdot 6)

6500 (1 + 0.045 \cdot 6) = 8255

Amount : 8255

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