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31 January, 20:48

An account earns annual simple interest. Find the balance of the account.

$250 at 4% for 1 year

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  1. 31 January, 21:03
    0
    4/100 = 0.04

    0.04 x 250 = 10 (This is the interest earned in the year)

    250+10 = 260
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