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Vikki [24]
3 years ago
7

William invested $800 in an account that paid 5% simple interest per year.

Mathematics
1 answer:
Blababa [14]3 years ago
3 0
A) Interest = principal * rate * time

I = (800)(0.05)(3) = $120

b) $800 + $120 = $920 after the three years. $920 * (1 - 0.02) = $901.60.
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