mrcline mrcline

04-11-2021
Mathematics

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luka invests $8000 at 6% interest for three years
what is the overall percentage increase if it is 6% compound interest?

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Noufxxn Noufxxn

04-11-2021

6/100 x 8000 = 480 x 3 = 1440
1440/800=0.18
0.18 x 100 = 18%

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