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Damon has $200 in a savings account that earns 4% annually. The interest is not compounded. How much will he have in total in 1 year? ​

Damon has $200 in a savings account that earns 4% annually. The interest is not compounded. How much will he have in total in 1 year? ​
asked 139k views
9 votes
Damon has $200 in a savings account that earns 4% annually. The interest is not compounded. How much will he have in total in 1 year? ​

asked
User Saliom
by
7.8k points

1 Answer

11 votes
Answer is : 208

Step-by-step explanation:

200 x (1+4%)
200 x (1+0.04)
200 x 1.04= 208
answered
User Abderrahmen Hanafi
by
7.4k points
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