ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If Hali puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
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4
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8
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12
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16
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Explanation:
Detailed explanation-1: -Ann puts $300 in a bank account earning 4% interest. In 1 year, she will have earned $32 in interest.
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