8% interest is compounded annually on an account with $5.000. How much total interest is earned after 5 years?
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your ans:
5.000(1+8/100)^5
=5.000×(108/100)^5
=7.34
hope it is the right ans
5.000(1+8/100)^5
=5.000×(108/100)^5
=7.34
hope it is the right ans
sayali4441:
hi
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