Exponents Question
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Bank B offers 12% interest compounded annually. You deposit $200 into the bank on January 1st, 2015. Which expression could be used to calculate the amount of money in the bank 8 years later, January 1st, 2023?
- 200(1.12)8
- 200+8(200⋅0.12)
- 200+(1.12)8
- 200(8⋅200⋅0.12)