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How much will a saver earn in 10 years on a $100 deposit that earns 5% compound interest (compound annually)?

How much will a saver earn in 10 years on a $100 deposit that earns 5% compound interest (compound annually)?
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2 votes
How much will a saver earn in 10 years on a $100 deposit that earns 5% compound interest (compound annually)?

asked
User Mabedan
by
7.7k points

1 Answer

4 votes
they will earn $50 within ten years because the 5% gives five dollars a year for 10 years
answered
User Emmanuel Scarabin
by
7.7k points
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