mahif603 mahif603

22-05-2021
Mathematics

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Marshall has $4000 in his bank account. It yields 8% simple interest annually. How much money in interest will the account have gained in 5 years?
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clarch19 clarch19

22-05-2021

Answer:

$1600

Step-by-step explanation:

Interest = Principal x Rate x Time

I = 4000 x .08 x 5

I = 1600

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