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A DEPOSIT OF $600 EARNS 2.5% INTEREST FOR 6 YEAR?
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A DEPOSIT OF $600 EARNS 2.5% INTEREST FOR 6 YEAR?

User Murze
by
3.3k points

2 Answers

7 votes

Answer:

Explanation:

if you have 600 dollars in the bank, and 2.5% interest

600*2.5/100=15 dollars per year

6*15=90 dollars interest in 6 years

User LGrementieri
by
3.5k points
0 votes

Answer: $73.80 in interest over a 6 year period

Explanation:

600*0.0205= 12.30*6=73.80

User Harshita Singh
by
2.7k points
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