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8 June, 11:45

Submit Answer 7. Ben invests $500 in a savings account that earns 6% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 2 years?

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  1. 8 June, 13:44
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    1 year 500 x. 06 = 30.00

    2 year 530 x. 06 = 31.80

    Answer 531.80
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