SOLUTION: a bank pays 6% interest on saving per year ann deposited 1000 on savings account how many interest will ann get at the end of 2 years

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Question 936309: a bank pays 6% interest on saving per year
ann deposited 1000 on savings account
how many interest will ann get at the end of 2 years
Answer by oscargut(2103) About Me  (Show Source):
You can put this solution on YOUR website!
Interest = $1000(1.06)(1.06) -$1000 = $123.6
Answer: $123.6
If you need more help or details you can contact me at:
mthman@gmail.com
Thanks