Question 1133487
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The way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.<br>
The simple interest for 2 years is $264; the simple interest for 1 year is $132.<br>
$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.<br>
The value of $200 at 22% interest compounded annually for three years is<br>
{{{200(1.22)^3}}}<br>
The amount of interest is that value, minus the original $200.<br>
You can do the calculations.