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Melanie invests $15,000 at 7% simple interest for 1 year. How much is in the account at the end of the 1 year period?

Melanie invests $15,000 at 7% simple interest for 1 year. How much is in the account at the end of the 1 year period?
asked 177k views
3 votes
Melanie invests $15,000 at 7% simple interest for 1 year. How much is in the account at the end of the 1 year period?

asked
User Nikhil Gupta
by
8.1k points

1 Answer

4 votes

Answer:

$16,050

Explanation:


15000(1.07) = 16050

answered
User Shawnie
by
8.1k points
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