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HELP! If the interest earned on an account after 2 years is $15, how much would it be after 10 years? Why?
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HELP!
If the interest earned on an account after 2 years is $15, how much would it be after
10 years? Why?
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Mathematics
4 years
2021-08-18T20:23:17+00:00
2021-08-18T20:23:17+00:00 1 Answers
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Answers ( )
Answer: $75
Step-by-step explanation: If interest earned on an account in 2 years is $15, then after 10 years, the interest would be $75.
We can know this because, if we divide $15 by 2, we get the amount of interest the account makes in 1 year.
15/2 = $7.50. The account makes $7.50 interest pear year.
We want to know how much interest the account will make in 10 years, simply multiply 7.50 by 10.
$7.50 x 10 = $75 in 10 years.