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11 April, 19:13

Carlos deposits $7000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 6 years?

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  1. 11 April, 20:29
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    12%=$1540

    Step-by-step explanation:

    100%=$7000

    2%=$140

    2*6=12

    12%=$1540

    102%=$7140

    112%=$8540
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