How much interest will you earn in the second year

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Reference no: EM131965217

Old time savings bank pays 3% interest on its savings accounts. If you deposit $1,500 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 wil you earn in the tenth year?

Reference no: EM131965217

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