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Greg invests $500 in a savings account that earns 4% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings …

Greg invests $500 in a savings account that earns 4% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings …
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Greg invests $500 in a savings account that earns 4% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 5 years?

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User Babcool
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8.0k points

1 Answer

0 votes

Answer:

600

Explanation:

answered
User Christian Witts
by
8.4k points
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