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6 January, 16:14

An account pays 7% per year simple interest. In year 1, the amount in the

account is $950. How much is in the account in year 6?

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Answers (1)
  1. 6 January, 16:34
    0
    Answer: $1349

    Step-by-step explanation:

    SI = prt / 100

    = (950 * 7 * 6) / 100

    = 399

    Amount in the account

    950 + 399 = 1349
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