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If $600 is put in the bank and each year the account earns 7 % simple interest, then how much interest will be earned in two years? $42 $63 $84 $420

If $600 is put in the bank and each year the account earns 7 % simple interest, then how much interest will be earned in two years? $42 $63 $84 $420
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If $600 is put in the bank and each year the account earns 7 % simple interest, then how much interest

will be earned in two years?
$42
$63
$84
$420

asked
User Prabhu
by
8.5k points

1 Answer

1 vote

Answer: $84

Explanation:

The interest earned in 2 years would be $600 * 7% * 2 = $84.

answered
User TrueCamelType
by
7.5k points
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