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3 years ago

10

Chelsea deposits $600.00 into a bank account and is earning 8.5%simple interest. She decides to keep the account for 4 years. a)

How much interest would the account have made after the 4 years?

1 answer:

snow_lady [41]3 years ago

3 0

Answer:

$204 in interest

Step-by-step explanation:

Plug in each variable into the simple interest formula: I = PRT

P = $600

R = 8.5% (0.085)

T = 4 years

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