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Original Question
You deposit $200 in an account earning 8% interest compounded annually. How much will you have in the account in 10 years?Asked by Anonymous
You deposit $300 in an account earning 5% interest compounded annually. How much
will you have in the account in 10 years?
will you have in the account in 10 years?
Answers
Answered by
oobleck
per the usual formula,
300 * 1.05^10 = _____
300 * 1.05^10 = _____