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22-02-2020
Mathematics

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Preston has $30 in a savings account that earns 7% interest, compounded annually. To the nearest cent, how much interest will he earn in 1 year?

Respuesta :

22-02-2020

Step-by-step explanation:

do 30x 1.07 is 32.10 dollars

formula

starting value x interest^no of years if shown

Answer Link

desirlordly desirlordly

22-02-2020

$32.10 dollars is the correct answer

Answer Link

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