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The interest for a bank account is compounded quarterly. The equation 480(1.08)12 is used to calculate the value of the account after some amount of time.
The yearly interest rate for the account is
8%
3%
2%
32%
12%

Respuesta :

Answer:

8%

Step-by-step explanation:

1.08 is an increase of 0.08, which is 8%

Answer: 3%

Step-by-step explanation:

since the total amount ended up being 12 your going to divide by 4 which is the quartly amount which is how u end up with 3%.

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