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12 August, 09:22

Jose deposits $1500 of his tax refund into an account that earns simple annual interest. How much interest will his account earn after 6 years at an annual interest rate of 4%?

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  1. 12 August, 11:54
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    1500 x 4% = 60

    60 x 6 = 360

    His account will earn $360 interest after 6 years.
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