Enter an algebraic expression to model the given context. Give your answer in simplest form. The principal amount P originally deposited in a bank account plus 0.8% interest
The algebraic expression is

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wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.

0.02040816326