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1 February, 00:18

An account earns simple interest.

$2000 at 3.5% for 4 years

a. Find the interest earned.

$280

b. Find the balance of the account.

$

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Answers (1)
  1. 1 February, 00:41
    0
    A) $280

    (2000x0.035) x4=$280

    b) $2280

    2000+280=2280
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