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alexandr1967 [171]

3 years ago

7

Today, you deposit $2,400 in a bank account that pays 4 percent simple interest. how much interest will you earn over the next 5

years

1 answer:

Leviafan [203]3 years ago

5 0

Principal, P = 2400
interest rate, i = 4% (=0.04)
number of years, n=4

Simple interest,
I = Pin
=2400*0.04*4
=$384 after 4 years.

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Step-by-step explanation:

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