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25-09-2020
Mathematics

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Sam deposited $200 into a savings account that pays 4% interest compounded monthly. Approximately how long will it take for the deposit to be worth $220?

A. 3 months
B. 28 months
C. 2 months
D. 29 months

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12673977 12673977

25-09-2020

Answer: It Will Take 3 Months

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