Larry invests in a $100 savings plan.The plan pays 41/2% interest each year on his account balance. How much money will Larry earn in interest after 3 years? After 5 years?
Larry invests in a $100 savings plan.The plan pays 41/2% interest each year on his account balance. How much money will Larry earn in interest after 3 years? After 5 years?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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Larry invests in a $100 savings plan.The plan pays 41/2% interest each year on
his account balance. How much money will Larry earn in interest after 3 years? After 5 years?
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