If the APY of a savings account is 2.6% and if the principal in the savings account was $2400 for an entire year, what will be the balance of the savings account after all the interest is paid for the year?

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2016-04-17 11:41:57

I multiply 2.6 by 2400 and got 6240 then I subtracted 6240 by 2400 and got 3840

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