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6 October, 11:50

Lucy deposits $7000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 6 years?

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  1. 6 October, 12:01
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    7000*.03*6=? Step 1. multiply 7000*.03=210 Step 2. multiply 210*6=1260. the answer is $1,260.00
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