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On your 16th birthday you open up a savings account with $1,000 that counts pays 4% simple interest how much will be in the account on your 50th birthday the beginning of the 35th year in the account

show your work please ?​

1 Answer

13 votes

Answer:

3.30

Explanation:

So in the first month your $1000 will earn $1000 * .33% = $3.30.

User Sahar
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