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2 years ago

9

clayton open a savings account 4 years ago. the account earns 8% interest, compounded monthly. if the current balance is $200.00

, how much did he deposit initially?

1 answer:

Marina86 [1]2 years ago

6 0

answer:

$264

work:

8% of 20=16

16(how much is added)×4(years)=64

64(how much is added)+200(how much was already in)=$264

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