You are given the principal in a bank account, a yearly interest rate, and the time the money is in the account. Assuming that no withdrawals are made and that the interest is compounded annually, compute the amount in the account after the specified time period.$2000, 6 percent, 1 year

A. $21,200.00
B. $3200.00
C. $2120.00
D. $2247.20


Answer: C

Mathematics

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