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Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.

Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.
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Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.

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User Radoslaw Krasimirow
by
8.6k points

1 Answer

2 votes

Answer: Simple interest 1,500

Annually compounded interest 3,363.75

Step-by-step explanation:

answered
User Nicktones
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8.1k points
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