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Maurinko [17]
3 years ago
12

Suppose you earn 3% on a $1200 deposit for 5 years. Explain how the simple interest is affected if the rate is increased by 1% W

hat happens if the time is increased by 1 year?
Mathematics
1 answer:
Soloha48 [4]3 years ago
6 0
So if 3% on 5year term and then it increased 1% it won't be 5 anymore it would go by 6 because it has increased by 1% and just add 1200 6 times.
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