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You deposit $3,348 into a savings account that earns 5% simple interest each year. If you save the money for 6 years, how much interest will you have earned

You deposit $3,348 into a savings account that earns 5% simple interest each year. If you save the money for 6 years, how much interest will you have earned
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You deposit $3,348 into a savings account that earns 5% simple interest each year. If you save the money for 6 years, how much interest will you have earned

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User Gipouf
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The answer to this question is 1004.4. This is because you must multiply the amount of money by the percentage intrest by the amount of years
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User Chococroqueta
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