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28 January, 12:18

You invest $2000 in an account that pays simple interest of 3% for 20 years. What is the amount of money you'll have at the end of 20 years?

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  1. 28 January, 12:22
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    Just simply multiply

    2000*.03*20 = 1200 then add

    2000+1200 = 3200

    So you will have $3200 after 20 years
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