knwwhitson
knwwhitson knwwhitson
  • 06-12-2022
  • Mathematics
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Francois DuFresne deposits $350.00 in a savings account. The account pays an annual interest rate of 4%. He makes no other deposits or withdrawals. After 3 years, the interest is calculated. What is the balance in the account after 3 years?
The answer is supposed to be $392 but I don't know how to set up the equation and solve it. Please help.​

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