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23.04.2020 •
Mathematics
Suppose you deposit $500 in a bank account that pays 8% annual simple
interest. Find the interest earned after 3 years.
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Ответ:
8% of 500 is 40, For the first year is 540. 8% of 540 is 43.20 dollars. 8% of 583.2 is 46.656. So the total is 630 by rounding but the actual amount is 629.956. The interest is 129.956
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