SOLUTION: Adam invests 16,000 in an investment certificate (GIC) at pays 3 percent, compounded annually. How much interest will he have earned after two years?

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Question 848140: Adam invests 16,000 in an investment certificate (GIC) at pays 3 percent, compounded annually.
How much interest will he have earned after two years?

Answer by ewatrrr(24785) About Me  (Show Source):