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An account earns simple interest. $1500 at 4% for 5 years a. Find the interest earned. b. Find the balance of the account. help

An account earns simple interest. $1500 at 4% for 5 years a. Find the interest earned. b. Find the balance of the account. help
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12 votes
An account earns simple interest.

$1500 at 4% for 5 years

a. Find the interest earned.



b. Find the balance of the account.

help

asked
User Krupa Patel
by
8.2k points

1 Answer

3 votes

Answer:

1500/100 x 4 = 60

60 X 5 = 300

interest earned $ 300

total balance $1800

answered
User Frederik Aalund
by
8.4k points
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