richier7480 richier7480

17-02-2021
Mathematics

contestada

David deposits $7000 into an account that pays simple interest at a rate of 6% per ear how much interest will he be paid in the first 5 years? Brinley

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mrjonnykirby mrjonnykirby

17-02-2021

Answer:

2367..58

Step-by-step explanation:

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ahmedmido1595 ahmedmido1595

17-02-2021

Answer:

$2368

Step-by-step explanation:

[tex]Interest=Value*((1+interest)^{years}-1) \\= 7000(1.06^{5}-1)=2368[/tex]

Answer Link

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