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Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest.
Year One     
_____________________________
Year Two     
 one year ago
 one year ago
Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year One      _____________________________ Year Two     
 one year ago
 one year ago

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MertsjBest ResponseYou've already chosen the best response.0
First find the interest for 2 years by using the formula interest = principal times rate times time.
 one year ago

Sophia.13Best ResponseYou've already chosen the best response.2
Thats $551.25 right?
 one year ago

MertsjBest ResponseYou've already chosen the best response.0
What is 500 times .05 times 2?
 one year ago

youarestupidBest ResponseYou've already chosen the best response.1
yes that is correct
 one year ago

youarestupidBest ResponseYou've already chosen the best response.1
I checked with my teacher because I am in a hurry
 one year ago

Sophia.13Best ResponseYou've already chosen the best response.2
oh ok. thanks, but i dont know what to put in the table :
 one year ago

MertsjBest ResponseYou've already chosen the best response.0
The amount after each quarter I suppose.
 one year ago
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