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8 February, 07:05

Helen deposited $250 into a savings account at a simple annual interest rate of 3%. What will the balance be after 7 years?

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  1. 8 February, 07:53
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    Answer: $302.50

    3% of 250 is 7.5 then you do 7.5x7=52.50+250=$302.50
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