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Suppose $1,000 is put into an account that pays simple interest at a rate of 3.5% annually. What is the value of til the money is deposited for 2 1/2 years?
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33 votes
33 votes
Suppose $1,000 is put into an account that pays simple interest at a rate of 3.5% annually. What is the value of til the

money is deposited for 2 1/2 years?

User ShouravBR
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2 Answers

19 votes
19 votes
If you use the equation I = PRT you would get $1087.50
User Saad Anees
by
2.9k points
20 votes
20 votes

Answer:

2.5

Explanation:

User Guangcong Liu
by
2.6k points
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