Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years.The amount of money Juanita borrowed is called the initial amount✔ principalaccount balanceinvestment.
Which did you include in your response? Check all that apply.
$79.73$797.30$7,973$79,730
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On January 1st, 2003, Gerry opened a savings account that paid 3.25% annual interest. His initial deposit was $1,100. If Gerry didn’t deposit or withdraw any additional money, what was his balance at the close of December 31st, 2012?(Hint: determine how many years the savings account was open for.)$1,064.25$1,421.75✔ $1,457.50$1,621.25
Which did you include in your response? Check all that apply.
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