garciabritanny4 garciabritanny4

31-10-2017
Mathematics

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$600 at 5% for 2 years. What is the interest earned?

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vunderkid vunderkid

31-10-2017

$600*0.05=$30 for the first year
$630*0.05=$31.5 for the second year
$30+$31.5=$60.5
earned interest is $60.5

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