An account earns simple interest. $1500 at 4% for 5 years find the interest earned. find the balance of the account

asked Oct 17, 2018 166k views

1 vote

by Bedla

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4 votes

I=1500*0.04*5=300
A=1500+300=1800

Alinpopescu answered Oct 18, 2018

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2 votes

Interest earned: $300
Balance of account: $1800

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