Marianna deposited $200 into her bank account at the end of each month for 8 months. a) The account pays 2.9% per annum, compounded monthly. How much is in her account at the end of the 8 months. b) If the amount deposited each month were doubled, how much would be in the account at the end of the eight months.
Marianna deposited $200 into her bank account at the end of each month for 8 months. a) The account pays 2.9% per annum, compounded monthly. How much is in her account at the end of the 8 months. b) If the amount deposited each month were doubled, how much would be in the account at the end of the eight months.
An Introduction to Physical Science
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
Transcribed Image Text:Marianna deposited $200 into her bank account at the end of each month for 8 months.
a) The account pays 2.9% per annum, compounded monthly. How much is in her account at the
end of the 8 months.
b) If the amount deposited each month were doubled, how much would be in the account at the
end of the eight months.
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