A person puts $5600 in a bank for two years. Each year he earns interest of 7% of the original amount deposited. How much will this person have in the bank after two years?
Let's be accurate as possible and think first.
6384
The interest that this person will get equals $5600 * 7% / year * 2 years = $784.

After two years the amount found at the bank is $5600 + $784 = $6384.

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So, the final answer is 6384