Help plz 1. Sallie Mae just found out that in 1800 one of her ancestors invested $300 in a
savings account that paid 4% interest annually. Find the account balance in the year
1950.
a =
Equation:
re
1
tri
Account Balance:
:: 1800
:: 1950
:: 4%
:: 300
:: 150
:: y = 300(1.04)
:: y = 150(1.04)
:: $170677
:: $312
:: $0.66
:: y = 1800(0.96)'
:: y = 300(0.96)

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