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Principal, $3000; Annual interest rate, 5.5%; tome, 2 years The balance after 2 years is ?

Principal, $3000; Annual interest rate, 5.5%; tome, 2 years The balance after 2 years is ?
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1 vote
Principal, $3000; Annual interest rate, 5.5%; tome, 2 years
The balance after 2 years is ?

User Suyash Salampuria
by
8.2k points

1 Answer

3 votes

Answer:

simple interest: $3330

compound interest: $6339.08

Explanation:

User Daniel Centore
by
8.4k points
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