a new savings account starts at $700 at a rate of 1.2% yearly. how much money will be in the account

Discussion in 'Calculator Requests' started by math_celebrity, Nov 27, 2020.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    a new savings account starts at $700 at a rate of 1.2% yearly. how much money will be in the account after 8 years?

    Using our balance and interest calculator with annual (yearly) compounding, we have:
    770.09
     

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