$1000 dollars is compounded yearly at a rate of 10% for 3 years how much interest is...
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Question:
$1000 dollars is compounded yearly at a rate of 10% for 3 years how much interest is accrued ?
A. 300 dollars
B. 331 dollars
C. 1331 dollars
or
D. 1349 dollars
what is the correct answer ?
thank you
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