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Invest $300.00 at a rate of 13.50% per annum compounded quarterly, how much interest will you earn after 5 years? show work.

Invest $300.00 at a rate of 13.50% per annum compounded quarterly, how much interest will you earn after 5 years? show work.
asked 191k views
2 votes
Invest $300.00 at a rate of 13.50% per annum compounded quarterly, how much

interest will you earn after 5 years? show work.

asked
User Ashu Grover
by
8.6k points

1 Answer

2 votes

Explanation:

amount=$300

rate=13.5

time=5 years

interest =(300×13.5×5)/100=$202.5

answered
User Dhara Parmar
by
7.8k points
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