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4 September, 05:22

Derrick has $3500 in a savings account that earns 12% annually. If the interest is not compounded, how much interest will he earn in 3 years?

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  1. 4 September, 08:41
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    If the interest is not compounded he will earn 4760.

    -proof: 3500 x. 12 = 420

    420 x 3 = 1260

    1260 + 3500 = "4760"
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