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3 September, 08:56

Matt deposited $2,000.00 in the bank. If the rate of simple interest was 10%, what was the amount of money Matt had in the bank after 5 years if he made no withdrawls

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  1. 3 September, 09:00
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    2000 * 1.1 = 2200 * 1.1 = 2420 x 1.1 = 2662 x 1.1 = 2928.20 x 1.1 = 3221.02
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