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2 March, 15:46

Christina opened a savings account and deposited $200 as principal. the account earns 6% interest, compounded annually. What is the balance after 6 years?

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  1. 2 March, 17:24
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    6%/100 = 0.06

    $200*0.06 = $12

    6years * $12 = $72

    200+72 = 272
  2. 2 March, 17:45
    0
    Answer:After 6 years the balance is 283.70
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