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Alchen [17]
3 years ago
5

Jordan invested $1000 in a savings account. The interest rate is 6% per year. Find the simple interest earned in 4 years. Then f

ind the total of principal plus interest
Mathematics
1 answer:
Nataly_w [17]3 years ago
7 0

The principal would be the original amount, which is $1,000.

The simple interest would be $240, because you would multiply 6% by the principal and then multiply by the amount of years, which is 4. This gives you a total of 240.

The total of principal plus interest would be $1,240, adding both the original amount and the simple interest you owe the bank.

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Answer:

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