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How much of the money in Bruce account was earned

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Question - When Bruce was born, his grandparents started a savings account for him with a beginning balance of $500. Even month they deposited $45 into the account. The savings account paid an annual interest rate of 1.7%, compounded monthly. Bruce just turned 18 and the balance of his account is now $12,040.71. How much of the money in Bruce's account was earned in interest?

Reference no: EM132568058

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