Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years. After 5 years, Alex will have earned in interest.

Nyce asked Aug 12, 2023

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Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.

After 5 years, Alex will have earned in interest.

Nyce asked Aug 12, 2023

by Nyce

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16 votes

Answer: After 5 Years Alex will receive 90 Dollar.

Step-by-step explanation 5 x 6% of 300 = 30% is 90 Dollar.

Angel Romero answered Aug 19, 2023

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