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3 June, 01:39

Perry Deposited 8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and then balance is currently 14,988.59. how often does the interest compound?

daily

monthly

quarterly

annually

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Answers (2)
  1. 3 June, 02:44
    0
    Instead of dividing it would be annually but if your multiplying then it would br monthly.
  2. 3 June, 04:24
    0
    Perry deposited $8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and the balance is currently $14,988.59.
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