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Khloe invests money in an account paying a simple interest of 7% per year. If she invests $140 and no money will be added or removed from the investment, how much will she have in one year, in dollars
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13 votes
Khloe invests money in an account paying a simple interest of 7% per year. If she invests $140 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?

User Ajouve
by
8.7k points

1 Answer

13 votes

Answer:

  • $149.80

Explanation:

It is going to be:

  • $140 + 7% of $140 =
  • $140 + $140*0.07 =
  • $140*1.07 =
  • $149.80
User Tynn
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7.8k points
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