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30 May, 12:51

Calculate the value of a savings account in three years if

$100 is deposited today at an annual interest rate of two

percent

A. $92.14

B. $102.10

C. $106.12

D. $172.80

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Answers (1)
  1. 30 May, 14:21
    0
    SI = prt / 100

    SI = 100 x. 02 x 3

    SI = 6

    Amount = 100 + 6 = 106
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