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You have $2,000 in your savings account that earns interest at a rate of 8% for 5 years. What is the amount of interest you would earn? *Remember, I = P x R x T

User UweB
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1 Answer

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Answer:

$2938.66

Explanation:

2000x1.08(to the power of 5) = 2938.656154

rounded to 2s.f is $2938.66

User NSF
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