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23-09-2020
Mathematics

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The equation A=1250(1.03)^7 is being used to calculate the amount of money in a savings account. What does the 1.03 represent in this equation?

Respuesta :

KeianaLol25 KeianaLol25

23-09-2020

Answer:

The amount of Interest

Step-by-step explanation:

I'm 98% sure. It make sense because that how much interest ^7 you would multiply by 1250. And I've had questions like this. Hope this helps!

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