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A principal amount of $365 is placed in a savings account with an annual rate of 2.08% simple interest for 6 years. Which formula would correctly determine the total account balance? A = (365)(0.208)(6) A = (365)(0.0208)(6) A = (365)(0.208)(6) + 365 A = (365)(0.0208)(6) + 365

User Manvel
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1 Answer

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5.686 because the math adds up
User Penkov Vladimir
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