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How much interest will $1,200 earn over 10 years with 5% interest compounded annually? A. $600 B. $679.88 C. $754.67 D. $1954.67
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2 votes
How much interest will $1,200 earn over 10 years with 5% interest compounded annually?

A. $600
B. $679.88
C. $754.67
D. $1954.67

User Narayan Akhade
by
3.6k points

1 Answer

5 votes

Answer:

$600

Explanation:

1,200 · 0.05 = 60

60 · 10 = 600

User Carlos E Silva
by
3.2k points
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