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jina deposits $300 into an account that pays simple interest at a rate of 5% per year.How much interest will she be paid in the first 6 years?​
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jina deposits $300 into an account that pays simple interest at a rate of 5% per year.How much interest will she be paid in the first 6 years?​

User Manuel Abascal
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5.0k points

1 Answer

7 votes

Answer:402.03

Explanation:

Increasing by 5% is just multiplying by 1.05 then you repeat step for x amount of years

User Suanne
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