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3 years ago

James deposited $575 into a bank account that earned 5.5% simple interest each year.

Mathematics

1 answer:

Leona [35]3 years ago

5 0

575* 0.05 = 28.75
28.75* 2.5(yrs) = 71.875
575+ 71.875 = 646.875
therefore, $646.87

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