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Kim invested $200 and it increases by 20% each month for 1 year. How much money will she have after 1 year? Show the equation.
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Kim invested $200 and it increases by 20% each month for 1 year. How much money will she have after 1 year? Show the equation.

User UnDeadHerbs
by
7.7k points

1 Answer

5 votes

Answer:

(200x20%)(12)=$480

Explanation:

1. 200x20%=$40

There are 12 months in a year

2. 40x12= $480

User Charlie Crown
by
8.5k points
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