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5 August, 01:32

jina deposits $300 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 6 years?

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  1. 5 August, 04:24
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    Answer:402.03

    Step-by-step explanation:

    Increasing by 5% is just multiplying by 1.05 then you repeat step for x amount of years
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