# GED-Word Problems

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Enrique put \$300 dollars into a savings account at 5% interest per year. The earned interest on the \$300 was added to the account at the end of the year. At the time Enrique made an additional deposit of \$200. How much does have in his account?

• GED-Word Problems -

The problem isn't clear as to when the additional \$200 is added. If at the end of the first year,
interest on \$300 = 300 x 0.05 = \$15.00.
300 + 15 = 315.00 from the original deposit + \$200 from the additional. Total is \$515.00 if I interpreted the problem correctly.

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