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3 years ago

5

James made a deposit in a savings account 5 years ago. The account pays 4% simple annual interest. Since then, he has earned $12

0 in interest. What is the current balance in his account?

1 answer:

Lera25 [3.4K]3 years ago

3 0

P=i/rt
P=120/0.04*5=600

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