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Sonja [21]
3 years ago
13

Cara put 4,000 dollars into a college savings account with 5% simple interest rate. How much money will she have in her bank acc

ount after 5 years?
Mathematics
1 answer:
Nuetrik [128]3 years ago
4 0

Answer:

$ 5,000

Step-by-step explanation:

si = (prt) / 100

p = $4000 r = 5% t = 5 years

si = (4000 x 5 x 5) / 100

= 1000

amount = principal + interest

= 4,000 + 1,000

= $ 5,000

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