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5 May, 19:53

What is the yearly amount of $3,000 with 8% compounded annually for a year

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  1. 5 May, 23:27
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    If you would like to solve 8% of $3,000, you can do this using the following steps:

    8% * $3,000 = 8% * 3,000 = 8/100 * 3,000 = 8 * 30 = $240

    The correct result would be $240.
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