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Xelga [282]
3 years ago
5

mike opened a savings account and deposited $300.00. The account earns 11% interest, compounded annually. If he wants to use the

money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?
Mathematics
1 answer:
Sever21 [200]3 years ago
5 0
He will be able to spend 366 for the bike because every year he gets 33 dollars(the 11% interest)
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