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Jenny has $20 in a savings account. The interest rate is 5% compounded annually. To the nearest cent, how much interest will she earn in 2 years?

Jenny has $20 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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3 votes
Jenny has $20 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 Herrmarek
by
9.2k points

1 Answer

4 votes

Answer:

22.05

Explanation:

answered
User Darryl Hein
by
8.2k points
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