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Sally opens a bank account with $450. If she earns 4% simple interest per year, how much interest will she earn in 5 years if she doesn't add or withdraw any money during that time? Please type the steps
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Sally opens a bank account with $450. If she

earns 4% simple interest per year, how much
interest will she earn in 5 years if she doesn't add
or withdraw any money during that time? Please
type the steps that you use to solve this problem
below.

User Ccpizza
by
7.3k points

1 Answer

12 votes

Answer: 540

Explanation:

450 × .04 = 18

18 × 5 = 90

90 + 450 = *540*

User JasonY
by
7.8k points
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