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3 years ago

10

Theo deposits $2,000 deposit in a savings account earning compound interest at an annual rate of 5% compounded annually. He make

s no additional deposits or withdrawals. Use the formula for compound interest to find the amount in the account after 10 years.

1 answer:

Arada [10]3 years ago

4 0

The amount in the account after 10 years would be $3257.79

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