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David deposits $4,300 in an account that pays 5% annual simple interest for 7 years. How much interest is earned?

David deposits $4,300 in an account that pays 5% annual simple interest for 7 years. How much interest is earned?
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5 votes
David deposits $4,300 in an account that pays 5% annual simple interest for 7 years. How much interest is earned?

asked
User Vijikumar
by
8.0k points

1 Answer

3 votes

Answer:

4300 x 5/100 = 215

215 x 7 = 1 505

4300 + 1505 = 5 805

answered
User Mbrevoort
by
8.4k points
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