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If $500 is put in the bank and each year the account earns 8% simple interest, then how much interest will be earned in five years? a) $200 b) $250 c) $280 d) $310

If $500 is put in the bank and each year the account earns 8% simple interest, then how much interest will be earned in five years? a) $200 b) $250 c) $280 d) $310
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If $500 is put in the bank and each year the account earns 8% simple interest, then how much interest will be earned in five years?

a) $200
b) $250
c) $280
d) $310

User Shinra Tensei
by
7.8k points

1 Answer

9 votes

Answer:

Explanation:

If $500 is put in the bank and each year the account earns 8% simple interest, then-example-1
User Gevaraweb
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