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Chari deposits $5,000 in a savings account earning 5.75% simple interest per year. Part A How much interest will Chari earn for a period of 10 years

Chari deposits $5,000 in a savings account earning 5.75% simple interest per year. Part A How much interest will Chari earn for a period of 10 years
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Chari deposits $5,000 in a savings account earning 5.75% simple interest per year. Part A How much interest will Chari earn for a period of 10 years

User Vmr
by
7.5k points

1 Answer

1 vote

Answer:

2,875

Explanation:

$5000 • 5.75% ( or 0.0575 ) = $2,875

User Alvaro Carrasco
by
7.7k points
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