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29 December, 09:50

Which of the following best describes the amount of money you'll have if you put $1,000 into a savings account earning 1% annual compound interest for 10 years?

A. The same $1000 you start with.

B Exactly $1100.

C. Slightly more than $1100.

D. $2000

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Answers (1)
  1. 29 December, 09:59
    0
    I'd choose C. slighltly more than $1100
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