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18 March, 14:47

Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn, determine how much will be in the account after 18 years.

A) 3 years

B) 4 years

C) 5 years

D) 6 years

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Answers (1)
  1. 18 March, 18:32
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    Using the formula I = PRT

    I = $2000 * 0.04 * 18

    I = $1440

    $2000 + $1440 = $3440

    the choices given are not related to the question in anyway bub, you may have copied it wrongly
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