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leslie put 900 in a bank that pays an 8% interest rate. how much money will she earn in interest by the end of the first year

Solution

leslie put 900 in a bank that pays an 8% interest rate. how much money will she earn in interest by the end of the first year

Solution

Amount : 972

Solution steps

Translate the problem into an equation:

A = 900 (1 + 0.08 \cdot 1)

900 (1 + 0.08 \cdot 1) = 972

Amount : 972

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