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a savings account earns 5% simple interest per year. The principal in $1200. What is the balance after 4 years?
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1 vote
a savings account earns 5% simple interest per year. The principal in $1200. What is the balance after 4 years?

User Mbq
by
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1 Answer

12 votes

Explanation:


1200 * 4 * 5 =

24,000

User Thaddeus
by
5.0k points
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