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2 years ago

11

A savings account accrues interest at a rate of 7.0% yearly. if someone opens an account with $20,000, how much money would the

account have after 4 years?

1 answer:

andrey2020 [161]2 years ago

5 0

7% of $20,000 is $1,400 $1,400(4)=$5,600 so it would be $25,600.

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