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An account earns 3% yearly simple interest. How much interest will you earn in 9 years if you put $820 in the account A. $1069.91 B. $1041.40 C. $249.91 D. $221.40
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17 votes
17 votes
An account earns 3% yearly simple interest. How much interest will you earn in 9 years if you put $820 in the account

A. $1069.91
B. $1041.40
C. $249.91
D. $221.40

User Nostradamnit
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2 Answers

24 votes
24 votes
It’s A. 820(1.03)x. x being 9 years
User Praburaj
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3.5k points
5 votes
5 votes
i think it would be D. because 820 x 3% = 24.60 and if you multiply that by 9 you get 221.40
User Almalerik
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3.3k points
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