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HELPPP !!! Lennon is depositing $1,250 in a bank account that earns 4% compounded annually. After 2 years , how much will Lennon have in his account ? A 1350 B 1352 C 1250 D 1300​
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HELPPP !!! Lennon is depositing $1,250 in a bank account that earns 4% compounded annually. After 2 years , how much will Lennon have in his account ?

A 1350
B 1352
C 1250
D 1300​

User DmitryBorodin
by
8.0k points

1 Answer

5 votes

Answer:

A) 1350

Explanation:

4% of $1250 is 50 dollars.after 2 years the amount should be 100 dollars added

User Tjuzbumz
by
8.6k points
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