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3 years ago

7

You earned $1600 in interest in your savings account over 10 years at a rate of 8%. How much money did you originally deposit in

to your savings account?

1 answer:

Amanda [17]3 years ago

8 0

A = p(1+r)^t

1600 = p(1+0.08)¹⁰

P = 1600/2.1589

P= 741.12

741.12 dollar money did you originally deposit into your savings account!

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