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30 October, 00:25

Jason deposits $5000 in a bank that pays 4% simple interest annually. if he dont deposits no more than $5000, how much will be in the account at the end of 5 years?

I=PRT

Interest=Principal * Rate * Time

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Answers (1)
  1. 30 October, 00:47
    0
    6089.34

    Step-by-step

    A=p (1+r) ^t

    4%=.04

    $5000 (1+.04) ^5

    then boom you got your answer
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