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1st year
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A = P + I = $1000 + $100 = $1,100. A = P + I = $1100 + $110 = $1,210. A = P + I = $1210 + $121 = $1,331. COMPOUND INTEREST. $121. $1331. Principal (P) = $1,000 Interest rate = 10%. $110. $1210. $1210. $1100. $100. $1100. $1000. $1000. 2nd year. 3rd year.
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1st year
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A = P + I = $1000 + $100 = $1,100 A = P + I = $1100 + $110 = $1,210 A = P + I = $1210 + $121 = $1,331 COMPOUND INTEREST $121 $1331 Principal (P) = $1,000 Interest rate = 10% $110 $1210 $1210 $1100 $100 $1100 $1000 $1000 2nd year 3rd year 1st year
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