2084643 2084643

27-05-2021
Mathematics

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Christine deposits $700 into an account that pays simple interest at a rate of 2 per year. How much interest will she be paid in the first 4 years?

Respuesta :

27-05-2021

Answer:

$56

Step-by-step explanation:

A=P(1+i.n)

A is final amount

P is amount deposited

i is interest rate

n is number os years

A = $700(1+2%×4)

=$756

$756-$700=$56

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