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Madi66

  • 3 years ago

Find the simple interest earned in the account. $300 at 5% annual interest for 7 years?

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  1. dmezzullo
    • 3 years ago
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    1 sec lemme try wut i think it is

  2. dmezzullo
    • 3 years ago
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    Ok so, Do 300 times .05 then get tht answer and do the answer times 7 and tell me wut u get(:

  3. Madi66
    • 3 years ago
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    I got 105.

  4. dmezzullo
    • 3 years ago
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    YAY! There u go!

  5. Madi66
    • 3 years ago
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    Thank you!

  6. dmezzullo
    • 3 years ago
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    No problem, If u have more of these Tag me

  7. Madi66
    • 3 years ago
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    @dmezzullo You deposit $540.00 in an account that pays 6% interest, compounded annually. How much is in the account 3 years later?

  8. dmezzullo
    • 3 years ago
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    1 sec

  9. dmezzullo
    • 3 years ago
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    i am not totally sure, i am not good with Compound

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