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11 May, 04:15

You deposit $2000 in a savings account at Hometown Bank, which has a rate of 6%.

Find the amount, A, of money in the account after 3 years subject to interest

compounded once a year.

b) Find the interest.

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Answers (1)
  1. 11 May, 04:55
    0
    Amount 2382.03

    Interest = 382.03

    Step-by-step explanation:

    A = P (1+r/n) ^nt
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