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March 27, 2017

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to save for a motercyle, abdul deposited $2000 into an account that earned simple interest at 5.4% per year. how much more would the investmennt earn in 3 years if it was invested at 5.4% per year, compounded anually?

  • mathematic 11 - ,

    20000*(1+.054*3) = 23240
    20000*1.054^3 = 23418

    subtract to find the difference

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