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3 votes
Jameson puts $4,000 in graduation money in an account for 10 years. The interest rate is 4.2%. If he withdraws all of the money after 10 years, how much

does he take out?

User RomanKonz
by
6.3k points

1 Answer

1 vote

Answer:

2,320

Explanation:

4.2% gets taken every year and there is 10 year,so 4.2% s uqual to 0.042,so just mutiply 4000 by 0.042 which is 168,then times 168 by 10 which brings you to 1680 and 4000 subtracyed by 1680,which equals 2,320

User Gcalmettes
by
6.3k points
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