If your bank pays 5.5 percent interest on savings , Macroeconomics

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If your bank pays 5.5 percent interest on savings

If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit?
What is the total amount in the account after three years?
What is the amount after three years if the interest was compounded annually?

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Macroeconomics: If your bank pays 5.5 percent interest on savings

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Macroeconomics: If your bank pays 5.5 percent interest on savings

Reference No:- TGS099462

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Request for Solution File

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Macroeconomics: If your bank pays 5.5 percent interest on savings

Reference No:- TGS099462

Recent Questions Asked Macroeconomics

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