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3 years ago

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Nicole deposited $250 into a savings account that earns 1.5% simple interest per year. Use this information to complete the stat

ement. After six years, Nicole will have earned $___ in interest, and the total balance of her savings account will be $___.

1 answer:

lesya [120]3 years ago

7 0

Hi!

Simple interest formula is deposit*time in account*interest rate.
250*6*1.5% is $22.5

Hope it helped!

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