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Asked by f b

find the interest paid at a rate of 8% on $4000 for 3 years
14 years ago

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Answered by tchrwill
$4000 deposited into an account paying 8% compounded annually for 3 years derives from S = 4000(1.08)^3 = $5038.85 minus $4000 = $1038.85.
14 years ago
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find the interest paid at a rate of 8% on $4000 for 3 years

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