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21 August, 03:01

Holly opened a savings account at a local bank. She deposited $3,100.00 into the account 10 years ago. If the account earns an annual simple interest rate of 5.1%, how much interest has she earned?

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  1. 21 August, 03:07
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    Answer: $1581 of interest

    Step-by-step explanation: Okay so 1% of 3100 would be 31. And then multiply that by 5.1 is 158.1. This multiplied by the ten years would be 1581 dollars in interest.
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