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The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Rate Compounded Time $
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. | Principal | Rate | Compounded | Time |
$ 10 comma 000$10,000 | 5 %5% | annuallyannually | 2 years2years |
A. Find how much money there will be in the account after the given number of years.
B. Find the interest earned.
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