quentin43chaney quentin43chaney

12-06-2020
Mathematics

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Erin deposited $500 in a savings account earning 8% interest annually and compounded monthly to the nearest cent how much interest will she earn in 10 years

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ransomwhite07 ransomwhite07

12-06-2020

Answer:

$400

Step-by-step explanation:

$500 multiplied by 8% = $40

If you multiply $40 by 10 years that equals $400.

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