Mathematics

22 July, 11:59

Gary invested $1,000 into an account earning interest at an annual rate of 5% compounded annually. Each year, he deposited an additional $1,000, and made no withdrawals. When he closed the account, he had a balance of $4,525.64. How much interest would Gary earn in that same time if he invests $10,000 and deposits $10,000 into the account each year?

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