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10 December, 23:18

Tom has deposited $500 in an account which earns 2% interest each year. Which expression correctly shows the total value of his account after 3 years?

A) 500 + 0.02 + 0.02 + 0.02

B) 500 + 0.02[500 + 0.02 (500 + 0.02*500) ]

C) 500 + 0.02*0.02*0.02 (500)

D) 500 + 3 (0.02) 500

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Answers (1)
  1. 11 December, 01:09
    0
    It's D

    500+3*0.02*500=530
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