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Ben deposited $650 from his pressure washing business into a savings account. The simple interest rate paid by the bank is 3.5%. If Ben makes no deposits or withdrawals, how much interest will he earn in 4 years?

User Yushin
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1 Answer

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Answer:

Simple interest of Ben :


(\$650 * 3.5\% * 4years)/(100) = (9100)/(100) = \$91 \\

Ben earn $91 in 4 years.

User Titanofold
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