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30 November, 11:55

Calculate the amount of money you'll have at the end of the indicated time period.

You invest $1000 in an account that pays simple interest of 6% for 30 years.

The amount of money you'll have at the end of 30 years is $

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  1. 30 November, 12:12
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    Step-by-step explanation:

    Simple Interest = PTR/100

    =1000 * 30 * 6/100

    =1800.

    Amount = Principal + Interest

    = 1000+1800

    = $2800
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