Answered: Liz has $80 in a savings account. The…

Name: Liz has $80 in a savings account. The interest rate is 5%, compounded
Uploaded: 2024-03-20T07:06:41.000Z
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Description: Liz has $80 in a savings account. The interest rate is 5%, compounded annually.To the nearest cent, how much interest will she earn in 2 years?

Math

Algebra

Liz has $80 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will she earn in 2 years?

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?

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