You have $475 in your savings account that earns 3.25% simple interest each year. How much interest will you accumulate after 7 years?

Mquemazz asked Dec 14, 2022

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Mquemazz asked Dec 14, 2022

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22 votes

Answer:

$613.45

Explanation:

Multiply $475 by 3.25% of it and so on 7 times, which adds up to 613.4993293. Round that to 613.45

ShoeLace answered Dec 20, 2022

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