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28 January, 03:33

A savings account accrues interest at a rate of 7.0% yearly. if someone opens an account with $20,000, how much money would the account have after 4 years?

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  1. 28 January, 04:49
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    7% of $20,000 is $1,400 $1,400 (4) = $5,600 so it would be $25,600.
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