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OpenStudy (anonymous):
If the APY of a savings account is 2.5%, and if the principal of the savings account was $2000 an entire year, waht will the balance of a savings account be if all the interest is paid for the year?
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OpenStudy (anonymous):
i = prt i = 2000*.025*1 i = 50 Ending balance is p + i = 2000 + 50 = 2050
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