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An electrician deposits $6000 in a bank account with 7% simple interest. What is the total balance after 4 years?
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An electrician deposits $6000 in a bank account with 7% simple interest. What is the total balance after 4 years?

User Kamehameha
by
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1 Answer

5 votes

Answer: $42,000

Step-by-step explanation:

Simple Interest: I=prt

I= (6,000)(7/4)(4)

I= 42,000

User Harambe
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