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17 September, 09:16

What is the value 10 years from now of $200 deposited in an account earning 12% interest?

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Answers (2)
  1. 17 September, 10:43
    0
    Answer:240

    Step-by-step explanation:

    $200*12%=24

    24*10=240
  2. 17 September, 11:40
    0
    Answer:$440

    Step-by-step explanation:

    Principal (p) = $200

    Rate (r) = 12%

    Time (t) = 10years

    Simple interest = (pxrxt) ➗ 100

    Simple interest = (200x12x10) ➗ 100

    Simple interest=24000 ➗ 100

    Simple interest=240

    Total amount=p + simple interest

    Total amount = 200+240

    Total amount = 440
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