13-06-2019
Mathematics

contestada

An account pays 7% per year simple interest. In year 1, the amount in the
account is $950. How much is in the account in year 6?

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gilbertazavedo72 gilbertazavedo72

25-06-2020

Answer: $1349

Step-by-step explanation:

SI = prt / 100

= (950 * 7 * 6) / 100

= 399

Amount in the account

950 + 399 = 1349

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