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Sally puts $200.00 in a bank account. This account earns 8% compound interest. How much money is in the account after three years? A) $151.94 B) $240.00 C) $251.94 D) $160.00 Ho…

Sally puts $200.00 in a bank account. This account earns 8% compound interest. How much money is in the account after three years? A) $151.94 B) $240.00 C) $251.94 D) $160.00 Ho…
asked 87.9k views
3 votes
Sally puts $200.00 in a bank account. This account earns 8% compound interest. How much money is in the account after three years?

A) $151.94
B) $240.00
C) $251.94
D) $160.00

How do they get the answer I just do not understand this at all.

asked
User BeingSuman
by
8.5k points

2 Answers

3 votes

Answer:

He's wrong

Explanation:

The correct answer is 251.94

answered
User Baetheus
by
7.7k points
6 votes
648 dollars after three years
answered
User Yasen Zhelev
by
8.1k points
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