Math, asked by ahmmedmuhammed7166, 9 months ago

How much interest is earned on a principal of $646 invested at a compound interest rate of 5% compounded annually?

Answers

Answered by dsurbhidave

8

Answer:

here is your answer

Step-by-step explanation:

First year the compound and Simple interest will be the same

so

I= 646×5×1/100 =$32.3

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