$8\mathrm{<font><font>0</font></font>}\mathrm{<font><font>0</font></font>}$was in a savings account with an interest rate of $\mathrm{<font><font>2</font></font>}\%$simple interest how much is it worth at the end of the year. Year $\mathrm{<font><font>2</font></font>}$add $5\mathrm{<font><font>0</font></font>}\mathrm{<font><font>0</font></font>},$year $\mathrm{<font><font>3</font></font>}$add $6\mathrm{<font><font>0</font></font>}\mathrm{<font><font>0</font></font>}<font><font>,</font></font>$ 

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To calculate the future value of the savings account we need to add the amount of simple interest ... View the full answer