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30 June, 17:29

How much money will be in an account at the end of 6 years if $3,000 is deposited at 5% interest compounded 2 times per year?

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  1. 30 June, 17:35
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    If it is simple interest then divide 3000 by 20 and you get 150 times that by two so you get 300 per year. after you times 300 by 6 you get 1800 so add that to 3000 you get 4800
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