Roberto Just Deposited $11,500 into His Savings Account at Security

question 55

Multiple Choice

Roberto just deposited $11,500 into his savings account at Security Savings Bank.The bank will pay ..55 percent interest, compounded annually, on this account.How much interest on interest will he earn over the next 6 years?

• A)$6.78
• B)$9.5.26
• C)$87.03
• D)$7.60
• E)$7.84

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