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OpenStudy (anonymous):
lisa deposits $6,900 at 2% for 1 year how much interest will she earn? what is the account balance at end of year?
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OpenStudy (anonymous):
2% for the year?
OpenStudy (anonymous):
yes
OpenStudy (anonymous):
A = P(1 + .02) or $7038 = 6900(1+.02) with interest = 7038 - 6900 = $138
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