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Mathematics

Answered

Jake's bank offers him an account with 3o
interest, compounded annually. How much
interest would he earn from this account if he
deposits his $1,320 for 5 years?

Answer :

MATHISCOOL133GO MATHISCOOL133GO

I=P(1+R/100)^5

I=$1320(1+3/100)^5

I=$1530

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