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How much would x dollars earn in 1 year at a rate of 5% compounded annually?

How much would x dollars earn in 1 year at a rate of 5% compounded annually?
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1 vote
How much would x dollars earn in 1 year at a rate of 5% compounded annually?

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User Brouxhaha
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1 Answer

5 votes
It would just earn .05x...just 5% of x at the end of the year.
answered
User Kowshik
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7.8k points
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