# Problem involving a system of equations

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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: The amount in the account after 2 years (rounded to one decimal point) will be?? ## Answers and Replies Related Precalculus Mathematics Homework Help News on Phys.org phyzguy Science Advisor 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. SammyS Staff Emeritus Science Advisor Homework Helper Gold Member ## 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:

The amount in the account after 2 years (rounded to one decimal point) will be??
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## The Attempt at a Solution

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Mark44
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