If the principle is $200 and the interest rate is 4%

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asked Jul 26, 2021 146k views

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Javonte · Answer 1 · 2021-07-30T10:27:29+0000

4% of $200 is $8. So I don’t think you finish the question, so I assume the interest rate is increasing by months. If that’s true then the $8 is added each month.

If the principle is $200 and the interest rate is 4%

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