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2 February, 03:39

Tammy has $50 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much interest will she earn in 3 years?

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Answers (1)
  1. 2 February, 04:38
    0
    5% of 50 is 2.50

    2.50 times 3 is 7

    Tammy will get $7.00 over 3 years
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