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tyler inherited some money from his grandfather and put it in a bank account that earns 6% interest compounded monthly after 8 years tyler had $4,000.00 in the bank account how much interest did he earn

User Mandelbug
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To find how much interest did he earn:


\begin{gathered} i=(r)/(m) \\ \text{where, r= the interest rate per year} \\ m=number\text{ of compounding periods per year} \\ i=(6*12)/(12)=6 \\ \text{After 8 years:} \\ 6\cdot8=48\text{ percent} \end{gathered}

He earns 48% percent interest after 8 years.

User CodingEra
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