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04-01-2020
Mathematics

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jina deposits $300 into an account that pays simple interest at a rate of 5% per year.How much interest will she be paid in the first 6 years?

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deadmang17 deadmang17

05-01-2020

Answer:402.03

Step-by-step explanation:

Increasing by 5% is just multiplying by 1.05 then you repeat step for x amount of years

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