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Melanie invests $15,000 at 7% simple interest for 1 year. How much is in the account at the end of the 1 year period?
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3 votes
Melanie invests $15,000 at 7% simple interest for 1 year. How much is in the account at the end of the 1 year period?

User Nikhil Gupta
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3.9k points

1 Answer

4 votes

Answer:

$16,050

Explanation:


15000(1.07) = 16050

User Shawnie
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