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12 votes
An account earns simple interest.

$1500 at 4% for 5 years

a. Find the interest earned.



b. Find the balance of the account.

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1 Answer

3 votes

Answer:

1500/100 x 4 = 60

60 X 5 = 300

interest earned $ 300

total balance $1800

User Frederik Aalund
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