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You deposit $250 into an account that earns 7.2% simple annual interest. After how many years will it be to have an interest of $450.

For an account that earns simple annual interest, find the balance of the account. Round your answer to the nearest cent if necessary.

Principal = $525 Rate 6% Time = 9 years

1 Answer

13 votes
Multiply 250 by 0.06 and 9
User Niraj Chauhan
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