Question 15 • 26-27 Ignite Technical Math-Financial Math - MA2007
Lucas would save $83.42 × 12 = $1,001.04 over one year. At 1.8% simple interest for 3 years, the interest would be $1,001.04 × 0.018 × 3 = $54.06. Adding the interest to the savings gives $1,055.10, choice B.
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