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Ipatiy [6.2K]
3 years ago
9

If the principle is $200 and the interest rate is 4%

Mathematics
1 answer:
Alex787 [66]3 years ago
6 0
4% of $200 is $8. So I don’t think you finish the question, so I assume the interest rate is increasing by months. If that’s true then the $8 is added each month.
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