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13 December, 15:06

You deposit $100 in an account that pays 6% annual interest.

A) how much money will you have at the end of 12 years

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Answers (2)
  1. 13 December, 15:25
    0
    A=p (1+rt)

    A=100 * (1+0.06*12)

    A=172
  2. 13 December, 17:51
    0
    You need to multiply 100 by 0.06, multiply that by 12, and add 100.
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