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lozanna [386]
3 years ago
6

Suppose you have $600 to invest in a savings plan, and you want to compare 4 different ways you could invest the money. Round an

swers to the nearest cent Method 1: Find the balance after one year if you deposit all the money into an account that pays $2.50 in simple interest each month (this is a simple interest equation where the amount of interest stays the same each month).
Business
1 answer:
lidiya [134]3 years ago
5 0

Answer:

Method 1

Balance = principal + interest

             = $600 + (2.50*12)

             = $600 + $30

             =$630

Explanation:

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