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Compute the Compound Interest $916\$ 916 After 6 Years, What Will the Amount of Interest

Question 338

Multiple Choice

Compute the compound interest.
-Andrea Gilford's savings account has a balance of $916\$ 916 . After 6 years, what will the amount of interest be at 5%5 \% compounded annually? Round to the nearest dollar.


A) $317\$ 317
B) $303\$ 303
C) $22\$ 22
D) $312\$ 312

Correct Answer:

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