If C dollars are deposited in an account paying r % annual interest......

If C dollars are deposited in an account paying r percent annual interest, approximate the amount in the account after x years if C=$200, r=1.99%, and x=17 years.
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The formula is c(1+xr/100) for simple interest. Putting in the given values: 200(1+17*0.0199)=$267.66 or $268 to the nearest dollar.

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