About the compound interest

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Reference no: EM13878287

Compound Interest. Old time savings bank pays 4% interest on its savings accounts. If you deposit $1,000 in the bank and leave it there:

a. how much interest will you earn in the first year?

b. how much interest will you earn in the second year?

c. how much interest will you earn in the tenth year?

Reference no: EM13878287

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