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6 February, 15:25

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. 6 February, 17:49
    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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