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2 January, 02:23

Christina opened a savings account and deposited $200 as principal. the account earns 6% interest, compounded annually. What is the balance after 6 years?

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  1. 2 January, 02:51
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    Answer:After 6 years the balance is 283.70
  2. 2 January, 04:12
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    6%/100 = 0.06

    $200*0.06 = $12

    6years * $12 = $72

    200+72 = 272
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