1,200, 3.5%, 2 years

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asked May 14, 2016 102k views

2 Answers

Chad Lowe · Answer 1 · 2016-05-14T06:37:34+0000

If you want to find the compound interest you turn 3.5% into a decimal. Before this add 100% which is now 103.5% which is 1.035. Now you put this to the power of 2 and multiply by 1200. Put this into your calculator as 1.035^2x1200.

1,200, 3.5%, 2 years

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