Suppose that you deposit $750.00 in an account paying 4% compound interest, with interest compounded annually. How much interest will your account earn over the first 5 years? $912.49 $162.49 $150 00 $900.

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asked Aug 26, 2022 114k views

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Suppose that you deposit $750.00 in an account paying 4% compound interest, with interest compounded annually. How much

interest will your account earn over the first 5 years?
$912.49
$162.49
$150 00
$900.00

Mathematics
high-school

Nyi Nyi asked

by Nyi Nyi

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1 Answer

7 votes

Answer:

The answer is 162.49

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Lovelyramos answered Aug 31, 2022

by Lovelyramos

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