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Nathan put $400 in a savings account for two years. The interest rate is 3% and will be compounded annually. How much money will he have at the end of the two years?

Nathan put $400 in a savings account for two years. The interest rate is 3% and will be compounded annually. How much money will he have at the end of the two years?
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Nathan put $400 in a savings account for two years. The interest rate is 3% and will be compounded annually. How much money will he have at the end of the two years?

User Khristos
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1 Answer

7 votes
Answer : the answer is $24.00 because 400x .03
User Bwags
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