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14 September, 13:44

You deposit $1500 in an account that pays 5% interest yearly. How much money do you have after 6 years?

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  1. 14 September, 13:49
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    How you find the aswer to intrest is you multiply principle (amount put in) times rate (percentage) times time (how long the principle was in) so I am going to multiply 1,500 *.05 * 6 the answer is 450, then I am doing to add that to the principal, the answer i s 1,950.
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