Question

you deposit 2,600 into a bank account with a simple interest rate of 8%. How can you find the account balance after 2 years? Then find the account balance after 2 years.

Answer 1

Hi pupil Here's Your answer ::



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It can be solved by Folows :-



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`A = 2600((108)/(100) )*((108)/(100))`




`A = 3032.72 $`



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Hope this helps .....