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Mr. Yee invested $2,000 in a savings account that pays an annual interest rate of 4% compounded twice a year. If Mr. Yee does not deposit or withdraw any money, how much will he have in the bank after one year?


$2,080.00 
$2,080.80 
$2,160.00 
$2,163.20 

Grade Seven  Number Sense 1.7 
Reprinted, by permission:

California Department of Education. CDE Press
1430 N Street
Sacramento, CA 95814

