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torisob [31]
2 years ago
7

You invest $3000 in an account at 3.5% per year simple interest. How much will

Mathematics
1 answer:
Schach [20]2 years ago
3 0

Answer:

Option "D" is correct $3630

Step-by-step explanation:

At the beginning of the 7th year, the money has been in the account for 6 years.

The simple interest on $3000 at 3.5% for 6 years is I = prt:

(3000) = (.035) = (6) = 360

he amount in the account at the <u>beginning of the 7th year</u> is then the <u>original amount plus</u> the interest <u>$3630.</u>

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