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9 February, 10:59

Gina invested $10,000 at 2% interest compounded annually over 2 years. If the total amount in the account after 2 years is $10,404, how much interest did Gina earn?

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  1. 9 February, 13:58
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    Interest earned = 10,404 - 10,000

    =$ 404 is the interest earned
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