3 years ago

You invest $5,000 in a savings account that earns 6% interest each year.

1 answer:

4 0

A. Multiply $5000 by .06, and add it back to $5000 to get the total after one year. This is $5300.
B. Multiply the new amount, or $5300 by .06, and add it back to $5300 to get the total after 2 years. This is $5618.

A. $5300
B. $5618

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