How much money would be in the bank account

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Problem 1: Let's now assume that your ancestor invested the $1,000 dollars in a bank account earning 6.8% simple interest per year for the 200-year period. How much money would be in the bank account?

Select one:

a. $14,940
b. $14,600
c. $14,490
d. $15,700
e. $15,400

Reference no: EM133005984

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