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3 January, 17:51

2. Jessica's grandparents gave her $2000 for college to put in a savings account until she starts

college in four years. Her grandparents agreed to pay her an additional 7.5% simple interest on

the $2000 for every year. How much extra money will her grandparents give her at the end of

four years?

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  1. 3 January, 18:52
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    I = 2000 (0.075) 4 = $600
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