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3 years ago

10

What is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $8.00 $16

.64 $25.97 $24.00?

1 answer:

horrorfan [7]3 years ago

3 0

$24.

8% of $100 is $8.

$8 x 3 years = $24

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