Andrew has $550 in a savings account that earns 5 % annually. How much will he earn in interest in 4 years?
1 answer:
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We have given that,
interest rate = 2.76%
simple interest = 3,090
term = 15 years
<h3>What is the principle of simple interest?</h3>Therefore,Nate should invest 7,463.77 to meet his goal.
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