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22 December, 14:22

How much money must Nate deposit in a savings account that pays 4% simple annual interest to earn $50 the first year?

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  1. 22 December, 16:18
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    Use a calculator and divide 1.04 because 4/100 = 104 = 1.04x 50 but just divide it on the calculator like this→ 1.04 : 50
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