garciabritanny4 garciabritanny4
  • 31-10-2017
  • Mathematics
contestada

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

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vunderkid
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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