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14 October, 01:06

Sherrod deposits 500 each year in savings account earning 3% interest compounded annually. he makes no withdrawal. how much interest will the account earn after 3 years

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  1. 14 October, 02:32
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    I=PRT

    Let P be 500; R be 3% or. 03; T be 3.

    So, I=500 •.03 • 3

    I think you can solve that.
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