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16 December, 04:25

If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years?

$12,100

$11,000

$3,123

$1,227

+1
Answers (1)
  1. 16 December, 05:02
    0
    A=1,100 * (1+0.11) ^ (10)

    A=3,123.36
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