EmilieCasey8923 EmilieCasey8923

01-06-2017
Mathematics

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Jake’s bank offers him an account with 3% interest, compoundedannually. How much interest would he earn from this account if hedeposits his $1,320 for 5 years?

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gerishonwambugu gerishonwambugu

01-06-2017

I=P(1+R/100)^5
I=$1320(1+3/100)^5
I=$1530

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