simple and compound interest

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Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years.

3207.60

Dan borrowed $2,000 for 1 year at 12% annual simple interest rate. How much interest is that?

240

Erika takes out a loan for $6,500 and will need to pay back 3% simple interest. How much interest will she need to pay after 5 years?

975

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