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One Family spent $2,000 to start an online business selling goods. They now make $1,240,000 each year. If they made a one-time investment of half of their yearly earnings in a savings account earning 4% simple interest, how much would the account have in it at the end of 5 years

2 Answers

2 votes

Answer:

744,000

Explanation:


User Pratik Chatterjee
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2 votes
1,240,00 times 5 years equals 6,200,000
User Jooyoun
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