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WILL MARK BRAINLIEST AND GIVE 20 POINTS

Gina invested $10,000 at 2 interest compounded annually over 2 years. If the total amount in the account after 2 years is $10,404, how much interest did Gina earn?

Respuesta :

Answer:

it was 10,000+ 4.04% or 0.4=10 ,404 is the answer

Answer:

The interest did Gina earn is $404.

Step-by-step explanation:

Given : Gina invested $10,000 at 2 interest compounded annually over 2 years. If the total amount in the account after 2 years is $10,404.

To find : How much interest did Gina earn?

Solution :

According to question,

Principal = $10,000

Rate = 2%

Time = 2 years

Amount = $10,404

We know that,

Interest = Amount - Principal

Interest = $10,404 - $10,000

Interest = $404

Therefore, the interest did Gina earn is $404.

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