Loretta invested $3,000 into an account that earns 6% compounded semiannually. How many times will Loretta earn interest after keeping the money in the account for 5 years.

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asked Sep 1, 2021 208k views

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Loretta invested $3,000 into an account that earns 6% compounded semiannually. How many times will Loretta earn interest after keeping the

money in the account for 5 years.

Mathematics
high-school

Nickeat asked

by Nickeat

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1 Answer

7 votes

Answer:

answer:900

Explanation:

$3000 * 6 * 5 / 100 = \\ 300 * 6 * 5 = \\ 900$

M T Head answered Sep 7, 2021

by M T Head

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