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A principal of $950 is invested in an account at 7% per year simple interest. what is the account total after 5 years

A principal of $950 is invested in an account at 7% per year simple interest. what is the account total after 5 years
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a principal of $950 is invested in an account at 7% per year simple interest. what is the account total after 5 years

User Jhtong
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1 Answer

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7% of 950 = 66.5
66.5 x 5 = 332.5
950 + 332.5 = $1282.5
User Nvinayshetty
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7.7k points
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