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3. Garrison deposited $500 in an account that earns 3% interest compounded annually. How much interest will the account earn after 6 years?

3. Garrison deposited $500 in an account that earns 3% interest compounded annually. How much interest will the account earn after 6 years?
asked 70.6k views
4 votes
3. Garrison deposited $500 in an account that

earns 3% interest compounded annually. How
much interest will the account earn after 6
years?

asked
User Hidar
by
8.2k points

2 Answers

7 votes

Answer:

97.03

Explanation:

the other guy is wrong.

answered
User Luanjunyi
by
8.1k points
3 votes

Answer:

$90

Explanation:

3% $500= $15

$15 times 6yrs = $90

answered
User Taggon
by
8.0k points
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