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Rita has $2,276 in an account that earns 14% interest compounded annually. To the nearest cent, how much interest will she earn in 5 years?

Rita has $2,276 in an account that earns 14% interest compounded annually. To the nearest cent, how much interest will she earn in 5 years?
asked 209k views
5 votes
Rita has $2,276 in an account that earns 14% interest compounded annually.

To the nearest cent, how much interest will she earn in 5 years?

asked
User Alonza
by
8.1k points

1 Answer

4 votes

Answer:

$1,593

Explanation:

I=PRT

I=$2,276×14%×5

I=1,593.2 to nearest tenth

I=$1,593

answered
User Eduardo Reveles
by
8.3k points
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