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2. Joseph has $10,000 to invest. He can go to Yankee Bank that pays 5% simple interest. How much will Joseph have in the bank after 10 years?

2. Joseph has $10,000 to invest. He can go to Yankee Bank that pays 5% simple interest. How much will Joseph have in the bank after 10 years?
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3 votes
2. Joseph has $10,000 to invest. He can go to Yankee Bank that pays 5% simple interest. How much

will Joseph have in the bank after 10 years?

User Peter Trobec
by
8.6k points

1 Answer

5 votes

Answer:

$5,000

Explanation:

5% of $10,000 = $500

500 x 10 = $5,000

User Xicooc
by
7.5k points
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