Simon deposits $400 in an account that pays 3% interest compounded ann – McqOptions

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1.	Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simonâ€™s account at the end of 2 years?
A.	424.36
B.	524.56
C.	545.36
D.	456.36
Answer» B. 524.56

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