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Answered

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Rajeev deposits $800 in a savings account earning interest at a rate of 4% compounded annually. How much is in his account after five years?

Sagot :

tule8016

Answer:

960

Step-by-step explanation:

We know that 4 percent of 800 dollar is 32 dollar. So 32 time 5 (because it ask us how much after 5 year) is 160. Now we add it to 800 because it ask  the total in his account so it 960.

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