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If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years? $12,100 $3,123 $1,227
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If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years? $12,100 $3,123 $1,227
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Jul 19, 2017
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If $1,100 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years?
$12,100
$3,123
$1,227
Mathematics
high-school
Aakash Garg
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Aakash Garg
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Okay, i dont understand why you have numbers there, but none of them matter... All you have to do is multiply 1,100 * .11 = x. (x * 10) + (1,100 * 10) = z Z is the total ammount in the account after 10 yrs. X is the interest collected annuelly.
Mikal
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Jul 23, 2017
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