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A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after four years?

A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after four years?
asked 98.0k views
4 votes
A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after four years?

asked
User Rick Giuly
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7.9k points

1 Answer

4 votes
1440, I think since it is simple: not 100% sure

answered
User Joe Gatt
by
8.5k points
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