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29 January, 09:31

Miss Murphy is saving money for a trip she deposits $1,600 into an account that offers 3% yearly simple interest rate. She plans to leve money in the account for 5 years 9 months. How much will be Mrs. Murpheys account balance after 5 years 9 months

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  1. 29 January, 09:43
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    1600 - (3*16) = 1552

    the answer is 1552
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