How much interest will you earn in the first year how much


Old time savings bank pays 3% interest on its savings accounts. If you deposit $1,500 in the bank and leave it there:

a. how much interest will you earn in the first year?

b. how much interest will you earn in the second year?

c. how much interest wil you earn in the tenth year?

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Financial Management: How much interest will you earn in the first year how much
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