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10 August, 21:59

Max has $30 in a savings account. The interest rate is 10%, compounded annually. How much will he have in 2 years?

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  1. 10 August, 22:26
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    Answer: $66

    Step-by-step explanation:

    You will first do:

    1) $30 + 10% = $33

    Then times that by two years:

    2) $33 x 2 = $66
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