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Answer it before 3:52 pm50 minutes I will give you upvote immediately The current rate of interest quoted by a bank on its savings account

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I will give you upvote immediately

The current rate of interest quoted by a bank on its savings account is 10% per annum (per year), with interest credited annually. Smith opens an account with a deposit of $,1000. Assuming that there are no transactions on the account other than the annual crediting of interest, determine the account balance just after interest is credited at the end of 6 years

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