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Marty has $5,200 saved for his college education. He invests the money at 2.7% compound interest. How much interest did he earn after 5 years?

Marty has $5,200 saved for his college education. He invests the money at 2.7% compound interest. How much interest did he earn after 5 years?
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Marty has $5,200 saved for his college education. He invests the money at 2.7% compound interest. How much interest did he earn after 5 years?

User Aolszowka
by
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2 Answers

4 votes
The answer is 702. I hope my answer helps you:)
User Achraf JEDAY
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8.6k points
5 votes
Well, what you would do is multiply those three numbers, and come up with 702, which would be $702. So, he earned $702 interest after 5 years
User Xedni
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8.4k points
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