Asked by Brittany
Titus deposited $1,508.49 in a savings account that earns 4.2% simple interest. What will Titus's account balance be in 8 months?
Answers
Answered by
Steve
assuming the interest is actually credited every month,
1508.49(1+8*.042/12) = 1550.73
1508.49(1+8*.042/12) = 1550.73
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