claireelaine06 claireelaine06

19-05-2020
Mathematics

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Mr. Evans deposited $1,200 in a new account at his bank. The bank pays 8% interest compounded annually on this account. Mr. Evans makes no additional deposits or withdrawals.How much money will the account have at the end of 8 years?

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bookie76 bookie76

19-05-2020

The final balance is $2,270.95.

The total compound interest is $1,070.95

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