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interest on interest consider a $3200 deposit earning 8% interest per year for seven years. How much total interest is earned on the original deposit?
interest on interest
consider a $3200 deposit earning 8% interest per year for seven years. How much total interest is earned on the original deposit?
(excluding interest earned on interest)
a.) $179.20
b.) $492.00
c.) $2,284.00
d.) $1,792.00
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