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You deposit $4,500 in an account that earns 6% simple interest. How much will be in your account after 5 years?

You deposit $4,500 in an account that earns 6% simple interest. How much will be in your account after 5 years?
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13 votes
You deposit $4,500 in an account that earns 6% simple interest.

How much will be in your account after 5 years?

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User Stan Fad
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8.8k points

1 Answer

4 votes
$135,000 if you use IPRT I is interest, P is price, R is rate (%), and T is time
answered
User Jblejder
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7.9k points
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