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Problem regarding the interest-on-interest

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Reference no: EM131190152

Interest-on-Interest Consider a $2,000 deposit earning 6 percent interest per year for 5 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?

  • $76.45
  • $676.45
  • $600.00
  • $60.00

Reference no: EM131190152

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