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You deposit $4,500 in an account that earns 6% simple interest. How much will be in your account after 5 years?

You deposit $4,500 in an account that earns 6% simple interest. How much will be in your account after 5 years?
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You deposit $4,500 in an account that earns 6% simple interest.

How much will be in your account after 5 years?

User Stan Fad
by
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1 Answer

4 votes
$135,000 if you use IPRT I is interest, P is price, R is rate (%), and T is time
User Jblejder
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7.9k points
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