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23 December, 01:48

At the beginning of year 1, Gracie invest $350 at annual simple interest rate of 4%. She makes no deposits to or withdrawals from the account

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  1. 23 December, 02:04
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    I guess you want to know the total amount after one year. If so, the interest yielded after one year is 350 x 4% = $14 and her new capital becomes

    350 (initial capital) + 14 (interest over 1 year) = 350+14 = $364
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