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4 December, 18:12

You deposit $2,000 in a bank account paying 4% annual interest and leave the money

there for 5 years. Use the simple interest formula to compute the future value of this account.

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  1. 4 December, 18:14
    0
    Answer: $2400

    Step-by-step explanation:

    SI = Prt / 100

    SI = 2000 x. 04 x 5

    SI = 400

    FInal Amount = 2000 + 400 = $2400
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