ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jack earned $10, 000 from his hamburger company. He deposited it into an account that earned 3% interest compounded annually. How much interest did he earn after 4 years?
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$11, 255.09
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$1255.09
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$1200
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$11, 200
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Explanation:
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