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13 October, 11:49

What is interest on $800 at 6% for four years?

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  1. 13 October, 12:15
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    A = 800 (1.06) ^4

    A = 1009.98

    I = A - P

    I = 209.98 dollars

    A is the total value

    P is initial amount invested

    and I is interest
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