Three years ago, Max opened a savings account that earns 2.5% simple interest every year. He started the account with $800 and has not touched the account since. How much money is in the account now?

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asked Aug 28, 2021 12.9k views

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Three years ago, Max opened a savings account that earns 2.5% simple interest every year. He started the account with $800 and has not touched the account since. How much money is in the account now?

Mathematics
middle-school

Dcbenji asked

by Dcbenji

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1 Answer

2 votes

Answer:860

800×0.025=20

800+20x=

800+20(3)=

800+60=

860

I hope this is good enough:

Eric Cochran answered Sep 3, 2021

by Eric Cochran

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