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#8: Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after…

#8: Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after…
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#8: Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after 15 years? $270.75

$2,707.50
$745.75
$846.80

asked
User Atm
by
9.0k points

1 Answer

7 votes

Answer:

the balance after 15yrs is $831.25

Explanation:

answered
User Viraj Patel
by
8.4k points
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