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vichka [17]
3 years ago
6

Samuel has $550 dollars in his savings account. If his bank pays 1.25% annual simple interest and he makes no further withdraws

or deposits, how much money will be in the account after 3 years ?
Mathematics
1 answer:
Nat2105 [25]3 years ago
8 0
P x R x T = Simple Interest
550 x 0.0125 x 3 = SI
SI = $20,625
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