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28 July, 03:45

An account earns simple interest. $1500 at 4% for 5 years find the interest earned. find the balance of the account

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  1. 28 July, 03:58
    0
    Interest earned: $300

    Balance of account: $1800
  2. 28 July, 04:08
    0
    I=1500*0.04*5=300

    A=1500+300=1800
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