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You deposit $5,000 in an account that earns 6.5% simple interest. How much will be in the account after 3 years.

You deposit $5,000 in an account that earns 6.5% simple interest. How much will be in the account after 3 years.
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You deposit $5,000 in an account that earns 6.5% simple interest. How much will be in the account after 3 years.

User Jimrandomh
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I=prt. Interest equals percent, rate, and time. Your R is 6.5 divided by 100, which is .065 in decimal form. Your P is 5,000. And your T is 3. .065x5,000x3 is 975. 975 is your answer.
User Josef Grahn
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