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Charlie deposits $7000 into an account that pats simple interest at a rate of 5% per year. How much Intrest will he be paid in his first 6 years?
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Charlie deposits $7000 into an account that pats simple interest at a rate of 5% per year. How much Intrest will he be paid in his first 6 years?

User Assia
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1 Answer

5 votes

Answer:

2100 of just interest, with original amount- 9100

Explanation:

5% of 7000 is 350, 350 x 6 is 2100.

User ISofia
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