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12 July, 11:13

You deposit 1500 in a account that earns simple interest at an annual rate of 3 %. The total amount in an account eating simple interest after t years is given by the formula A=p+prt. How much is in the account after 5 years?

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  1. 12 July, 12:19
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    225, 1500 / 100 = 15, 15 * 3 = 45, 45 * 5 = 225
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