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How much money would you have if you put 100 in the bank for a year at 2 percent?
Wiki User
∙ 11y ago
That depends whether the bank is giving you simple interest or compound interset and if it is compound interest is it compounded daily, monthly, quarterly, halfyearly and so on. Assuming it is simple interest, at the end of the year will have 100 + 2 = 102 dollars.
Wiki User
∙ 11y ago
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