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Nutka1998 [239]
3 years ago
11

You deposit $600 into a savings account that earns 6% interest per year. What is the balance after 5 years?

Mathematics
1 answer:
Masteriza [31]3 years ago
8 0
First you have to find the amount of interest that you will earn when you deposit $600.
- 600(.06)(5)= $180
Then, to get the total balance after five years you add the amount you deposited plus the amount of interest earned.
- 600+180= $780

$780 is the balance after 5 years
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