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You deposit $190 in a savings account that pays a simple interest rate of 4% a year. How much will be in your account after 4 years?

You deposit $190 in a savings account that pays a simple interest rate of 4% a year. How much will be in your account after 4 years?
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1 vote
You deposit $190 in a savings account that pays a simple interest rate of 4% a year. How much will be in your account after 4 years?

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User Hendryanw
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8.6k points

1 Answer

2 votes
There will be $220.20 in your account after 4 years. 
answered
User Neil Steiner
by
7.6k points
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