sa3986440 sa3986440

13-04-2020
Mathematics

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Jake opens a savings account with a deposit of $300. He will earn 1.6% simple interest each year on his money. How much interest will he earn over 5 years (assuming he does not add or take out any money)? *

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1049sau89 1049sau89

13-04-2020

Answer:$24.00

Step-by-step explanation:

$300 x 0.016= $4.8

$4.8x5 yrs= $24.00

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