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OpenStudy (anonymous):
Montgomery deposited $319.25 in a savings account that earns 2.6% simple interest. What is Montgomery’s account balance after 14 years?
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OpenStudy (anonymous):
is it $ 1,162.07?
OpenStudy (anonymous):
Your interest caluculation is off by a factor of 10. It should be $116.207 or $116.21 rounding to the nearest cent. Also, don't forget to add the initial deposit. So the total balance is $435.46
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