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04-12-2020
Mathematics

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A savings account earns 8% interest each year? If my initial deposit is $300, How much will I have at the end of 1 year?

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04-12-2020

Answer:

$324

Step-by-step explanation:

it earn 8% interest each year how much at the end of year 1,

to calculate this you multiply 300 by 108% = 300 x 1.08 = 324

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