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Serena deposits $1200 into a savings account that earns simple interest. The interest is applied to her account at the end of each year. Complete the table.
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Serena deposits $1200 into a savings account that earns simple interest. The interest is applied to her account at the end of

each year. Complete the table.

Serena deposits $1200 into a savings account that earns simple interest. The interest-example-1
User Dan Breslau
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1 Answer

1 vote

Explanation:

si=principal ×time×interest rate/100

=1224×2×2/100

therefore 1224+48=1272

repeat step

1272×3×3/100=114.

User Ilir
by
8.5k points
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