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19-10-2021
Mathematics

contestada

Georg invests $5000 for 14 years at a rate of 2% per year compound interest.
Calculate the interest he receives.

Respuesta :

19-10-2021

Answer:

[tex]\frac{1}{50}[/tex] or 0.02

Step-by-step explanation:

2% x 1 to give the answer

or

reduce it to faction like

[tex]\frac{2}{100}[/tex] = [tex]\frac{1}{50}[/tex]

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