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how much interest does $1,000 earn at an interest rate of 6% compounded semi annually? what is the balance after 2 years
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how much interest does $1,000 earn at an interest rate of 6% compounded semi annually? what is the balance after 2 years

User Hareesh
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1 Answer

6 votes

Answer:

Interest = A - P = 1015 - 1000 = $15

Explanation:

User Charlie Roberts
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