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1. Suppose you deposit $500 in a savings account that earns 3% per year. How much will you have in this account in 5 years?

1. Suppose you deposit $500 in a savings account that earns 3% per year. How much will you have in this account in 5 years?
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3 votes
1. Suppose you deposit $500 in a savings account that earns 3% per year. How much will you have in this account in 5 years?

User Bryon Nicoson
by
8.3k points

1 Answer

1 vote

Answer:

75

Explanation:

500* 0.03*5 =75

(0.03=3%)

User Shadoweb
by
8.3k points
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