SOLUTION: You put $1320 into an investment yielding 6.75% annual interest; you left the money in for two years. How much interest do you get at the end of those two years?

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Question 1087390: You put $1320 into an investment yielding 6.75% annual interest; you left the money in for two years. How much interest do you get at the end of those two years?
Found 2 solutions by jorel1380, MathTherapy:
Answer by jorel1380(3719)   (Show Source): You can put this solution on YOUR website!
1320 x 2(0.0675)= ?
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Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

You put $1320 into an investment yielding 6.75% annual interest; you left the money in for two years. How much interest do you get at the end of those two years?
Assuming annual compounding, the $1,320 becomes $1,504.21 over a 2-year period.

You calculate the interest. 

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