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Mary put $2225.50 into an investment at 1.2% for eight years. What will the balance be at the end of eight years? ( what is the total amount of the investment plus interest after 8 years?) round to the nearest hundreth.

interest: $_____
+$2,225.50

=$____(total)

Respuesta :

Answer: $2400

Step-by-step explanation:

$2225.50 x 1.2% =  $26.71 + $2225.50 =  $2252.21  - Year 1

$2252.21 x 1.2% = $27.03 + $2252.21 =  $2279.23  - Year 2

$2279.23 x 1.2% = $27.35 + $2279.23 =  $2306.58  - Year 3

$2306.58 x 1.2% = $27.68 + $2334.26 =  $2334.26  - Year 4

$2334.26 x 1.2% = $28.01 + $2362.27 =   $2362.27  - Year 5

$2362.27 x 1.2% = $28.35 + $2362.27 =  $2390.62  - Year 6

$2390.62 x 1.2% = $28.69 + $2390.62 =  $2419.31  - Year 7

$2419.31         x 1.2% = $29.03 + $2419.31 =  $2448.34  - Year 8

Rounded to the nearest 100th = $2400

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