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If you would like to make $1323 in 7 years, how much would you have to deposit in an account that pays simple interest of 2%?
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If you would like to make $1323 in 7 years, how much would you have to deposit in an account that pays simple interest of 2%?

User Dean Kuga
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1 Answer

6 votes

A = $13,366.37

A = P + I where

P (principal) = $10,000.00

I (interest) = $3,366.37

User Davepmiller
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