Greg invests $500 in a savings account that earns 4% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 5 years?

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asked Mar 2, 2022 21.3k views

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Greg invests $500 in a savings account that earns 4% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 5 years?

Mathematics
high-school

Babcool asked

by Babcool

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Answer:

600

Explanation:

Christian Witts answered Mar 6, 2022

by Christian Witts

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