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Angela invested $4000 in an account that earns 5% interest yearly (simple interest). She forgets about it for 12 years. What is the TOTAL amount of money in the account after th…

Angela invested $4000 in an account that earns 5% interest yearly (simple interest). She forgets about it for 12 years. What is the TOTAL amount of money in the account after th…
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Angela invested $4000 in an account that earns 5% interest yearly (simple interest). She forgets about it for 12 years. What is the TOTAL amount of money in the account after those 12 years?

asked
User Drgmak
by
8.8k points

1 Answer

0 votes

Answer:

$6400

Explanation:

4000x.05=200× 12=2400+4000=$6400

answered
User Attila Zobolyak
by
7.7k points
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