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Kara opens a savings account with $500. She makes no changes to this account for 2 years. Her account has a compound interest rate of 3% per year, compounded annually. What will be the total amount in
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13 votes
Kara opens a savings account with

$500. She makes no changes to this
account for 2 years. Her account has a
compound interest rate of 3% per year,
compounded annually. What will be the
total amount in the account at the end
of the 2 years?

User Escouten
by
8.5k points

1 Answer

13 votes

Answer:

470

Explanation:

6% of 500 is 30 minus 500 u 470

User Golopot
by
7.3k points
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