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Cecilia has $800 in an account earning 4.5% simple interest. How much more interest would her account earn in 7 years with annually compounded interest ?
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Cecilia has $800 in an account earning 4.5% simple interest. How much more interest would her account earn in 7 years with annually compounded interest ?

User Donghua Liu
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1 Answer

7 votes

Answer:

Interest in her account after 7 years= $800x(4.5/100)x7=$252

Explanation:

User Nalexn
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