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An account was opened with $1,000 ten years ago. Today, the account balance is $1,500. If the account paid interest compounded annually, how much interest

  1. An account was opened with $1,000 ten years ago. Today, the account balance is $1,500. If the account paid interest compounded annually, how much interest on interest was earned?
  2. A)$86.20
  3. B)$93.10
  4. C)$102.39
  5. D)$130.28
  6. E)$500.00

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