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A student put $1,200 in a savings account paying simple interest of 4.5% per year. Find the total amount of the student's savings after 5 years.

A student put $1,200 in a savings account paying simple interest of 4.5% per year. Find the total amount of the student's savings after 5 years.
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1 vote
A student put $1,200 in a savings account paying simple interest of 4.5%

per year. Find the total amount of the student's savings after 5 years.

asked
User Parselmouth
by
8.1k points

1 Answer

4 votes

Answer:

$6,564.85

Explanation:

answered
User Sofija
by
9.5k points
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