Problem involving a system of equations

  • #1
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Homework Statement


If an amount of $1000 is deposited in a savings account that pays 3.2% interest per year compounded monthly, the amount in the account after nmonths is given by:

nth_term_sequence3.png


The amount in the account after 2 years (rounded to one decimal point) will be??
 

Answers and Replies

  • #2
phyzguy
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Two comments:

(1) We can't see the image you posted.

(2) You need to use the homework template and make an effort to solve the problem on your own before we can help.
 
  • #3
SammyS
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Homework Helper
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Homework Statement


If an amount of $1000 is deposited in a savings account that pays 3.2% interest per year compounded monthly, the amount in the account after nmonths is given by:
nth_term_sequence3.png


The amount in the account after 2 years (rounded to one decimal point) will be??
The Homework template looks the following.

Homework Statement



Homework Equations



The Attempt at a Solution



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  • #4
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Thread closed due to no attempt shown and template not used.
 

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