Mathematics Test—No Calculator - College Board

Thus, at the end of 1 year, the new value of the account is the initial deposit of $100 plus 2 percent of the initial deposit: 100 dollars plus the fraction 2 over 100, times, parenthesis, 100 dollars, close parenthesis, equals 100 dollars times, parenthesis, 1.02, close parenthesis. ................
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