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fenix001 [56]
3 years ago
12

You put $400 in a savings account. The account earns 2% simple interest per year. a. What is the interest earned after 6 years?

What is the balance after 6 years?
Mathematics
1 answer:
Nataliya [291]3 years ago
8 0
Interest earned=principle×interest rate×time
Interest earned=400×0.02×6=48

Balance=principle+interest earned
Balance=400+48=448
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