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QUESTION
Hello, I need explanation to the below question, Thanks.
Hello,
I need explanation to the below question,
Thanks.
$200 invested in a savings account paying an annual interest rate of 5 percent will be worth how
much at the end of five years, assuming all interest earned remains in the account?
A. $250.
B. $267.25.
C. $1,250.
D. $255.26.
