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5 September, 14:32

Lonnie places $950 in a savings account that earns 5.75% simple interest. Find the total amount in the account aftdr 4 years

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  1. 5 September, 16:00
    0
    1168.5

    Step-by-step explanation:

    The formula is

    A=p (1+rt)

    A future amount

    P present amount

    R interest rate

    T time

    A=950 (1+0.0575*4) = 1168.5
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