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21 February, 16:17

A principal of $950 is invested in an account at 7% per year simple interest. What is the account total after 5 years?

A. $1332.42

B. $1316.27

C. $1256.50

D. $1282.50

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Answers (1)
  1. 21 February, 16:26
    0
    I=950*0.07*5

    =332.5

    A=950+332.5=1,282.5
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