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16 December, 08:01

You deposit $2,900 into a bank account with a simple interest rate of 10% how do you find your account balance after 5 years

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  1. 16 December, 09:04
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    Formula: A = P (1 + rt)

    P = 2,900

    R = 10%

    T = 5 years

    Answer: $4,350.00
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