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Greta has $6 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will she earn in 2 years?

Greta has $6 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will she earn in 2 years?
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Greta has $6 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much interest will she earn in 2 years?

asked
User Thiem Nguyen
by
8.8k points

1 Answer

5 votes
6x5=30 2 years =730 days 730x30= 21,900
answered
User Hazzit
by
8.0k points
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