If your savings account has a 0.85% interest and you save $ 4000 for 1 year, you will have how much in your account at the end of the year.​

Question

If your savings account has a 0.85% interest and you save $ 4000 for 1 year, you will have how much in your account at the end of the year.​

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MichaelMet 3 years 2021-09-02T07:28:08+00:00 1 Answers 2 views 0

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  1. haidang
    0
    2021-09-02T07:29:58+00:00
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    Answer: $4034

    4000 x .0085 = 34 which is the amount of money gained over the year, then add that to the initial amount which is 4000. This math could change depending on the compound rate of bank however I’m going to assume it is daily.

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