What is the common ratio between successive terms in the sequence?
1 answer:
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Answer:
$20 simple interest.
Step-by-step explanation:
The simple interest that Sami earns is 4% of her deposit since she is trying to find how much she will earn in one year (given that the interest rate is 4% per annum).
∴ Sami earns $20 simple interest in one year.
Hope this helps :)