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Daily Math Challenge

📚 Money ⭐ Hard 🎓 Grade 6-8
You invest $500 at 4% annual interest. After one year, you invest the total amount at 5% for another year. How much do you have after 2 years?
Answer
$546

📝 Step-by-Step Solution

1
Year 1: $500 × 1.04 = $520
2
Year 2: $520 × 1.05 = $546
💡 Helpful Hints
• Calculate first year with 4% interest
• Use that result for second year with 5% interest