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Business, 22.07.2020 03:01 nook4boo

If someone deposits $1,000 into a savings account that pays 1% interest. At the end of the first year, he's earned $10 in interest and there is $1,010 in the account. If the account has simple interest, the 1% interest for year two would be based off . If the account has compounding interest, the 1% interest for year two would be based off . The original deposit ($1,000); The year one account balance ($1,010)

The original deposit ($1,000); The year one interest ($10)

The year one account balance ($1,010); The year one interest ($10)

The year one account balance ($1,010); The original deposit ($1,000)

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If someone deposits $1,000 into a savings account that pays 1% interest. At the end of the first yea...
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