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?

Steps asked Sep 14, 2023

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23 votes

Steps asked Sep 14, 2023

by Steps

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14 votes

Answer:

2100 of just interest, with original amount- 9100

Explanation:

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

Cfort answered Sep 19, 2023

by Cfort

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