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You have a saving account the offers an annual simple interest rate of 5%. You put $350 into the account. Select the graph showing the the total interest you earn after 1, 2, 3, and 4 years.

2 Answers

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Answer:

Graph B

Explanation:

User Lilawood
by
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4 votes
I=prt
After one year
I=350×0.05×1=17.5
After two years
I=350×0.05×2=35
After three years
I=350×0.05×3=52.5
After four years
I=350×0.05×4=70
User Bidstrup
by
7.2k points