Jean deposits $730 in an account that pays 2.8% simple interest. He neither adds more money nor withdraws any moneyfrom his account. What amount will be in Jeans account after 5 years?

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asked Jan 27, 2022 69.8k views

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Jean deposits $730 in an account that pays 2.8% simple interest. He neither adds more money nor withdraws any moneyfrom his account. What amount will be in Jeans account after 5 years?

Mathematics
high-school

FJam asked

by FJam

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1 Answer

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Answer:

832.2

Explanation:

730 x 0.028 = (assuming per year) 20.44

20.44 x 5 = 102.2

102.2 + 730 = 832.2

Frank Odoom answered Feb 3, 2022

by Frank Odoom

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