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  • 4 years ago

marcey kept 200$ in a savings acount paying a simple intrest of 4% per year for 10 years. what rate of compound intrest would result in the same amount at the end of 10 years.

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  1. jiberjiber
    • 4 years ago
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    I=PRT I=200(.04)10 I=8(10) I=80 Final answer is $80

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