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3 years ago

11

Fatima deposits $400 into her bank account that earns 4% simple interest per year. What is the total amount in her account after

5 years (Hint: use I=Prt)
Explain the work please!!!

2 answers:

sweet-ann [11.9K]3 years ago

6 0

I=400(0.04)(5)
Interest is 80 dollars of interest
400+80=480
I think that is the answer you're looking for :)

marin [14]3 years ago

6 0

I=400(0.04)(5)
Interest is 80 dollars
400+80=480
There

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