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8 January, 08:53

If $1,000 is deposited into a savings account offering 11% interest paid annually, approximately how much money will be in the account in 10 years?

12,100

11,000

3,123

1,227

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Answers (1)
  1. 8 January, 09:11
    0
    I think the answer would be $1,227.

    Step-by-step explanation:

    $1,000 x 0.11 = 110

    110 x 10=1,100

    So, I'm guessing you would round it up. I'm sorry if this is the wrong answer.
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