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Notes Over 7 – 8 1. Suppose you deposit $1000 in a savings account that earns 6% per year. Find the interest earned in two years. Simple Interest Formula. - ppt download
How do banks calculate interest on savings accounts? My bank gives interest once in three months. If I make many transactions within this period, how the interest is calculated? - Quora
Calculating interest You can calculate the time value of your savings by figuring out how much interest you will earn. Principal – the original amount. - ppt download
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