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15-02-2024
Business

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When Gerardo was born, his grandparents started a savings account for him with a beginning balance of 1,250 Peruvian Sols. Every month they deposited 160 Sols into the account. The savings account paid an annual interest rate of 5%. What is the total amount in the account after 2 years?
A) 2,570 Sols
B) 2,730 Sols
C) 2,840 Sols
D) 2,950 Sols

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