Question 15 • 26-27 Ignite Technical Math-Financial Math - MA2007
Saving $79.15 each month for 12 months gives $79.15 × 12 = $949.80. One year of 2% simple interest adds $949.80 × 0.02 = $19.00 (rounded to the nearest cent). The total is $949.80 + $19.00 = $968.80, so the correct choice is $968.80.
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