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Jamie has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have in 2 years? *pls hurry . *

Jamie has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have in 2 years? *pls hurry . *
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12 votes
Jamie has $70 in a savings account. The interest rate is 5%,

compounded annually.
To the nearest cent, how much will he have in 2 years?

*pls hurry . *

User Aletzo
by
8.5k points

1 Answer

6 votes

Answer:

$77

Explanation:

10% of 70$ is $7

$70+$7=$77

User KcFnMi
by
9.3k points
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