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$10000 invested at 7.8% compounded annually for 2 years
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$10000 invested at 7.8% compounded annually for 2 years

User Jeremy Fuller
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1 Answer

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the formula is i=prt which is interest = principal times rate times time.
i = (10,000)(.078)(2)
i = 1,560
the interest would be $1,560.

Hope this helps!

User Tigre
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