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Simple and Compound interest
Contributed by: Sonnier
(Original author: Dodson)
Determine the simple interest.
$
Determine the simple interest. 
$
Determine the simple interest. 
$
Determine the simple interest. 
Round to the nearest penny

$
$1,400 is deposited into a savings account that earns
6% compound interest, compounded annually, for 
3 years round to the nearest cent.
Year
Starting Balance
Interest Earned
Go back to the previous slide and tell me what 
the final balance is.
$
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