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18 January, 20:50

after 6 years an account that earns 5% simple intrest has earned $480 in intrest. How much is the initial deposit?

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  1. 18 January, 23:06
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    plug in your values into

    I = PRT

    480 = P (.04) (6)

    solve for P

    check your answer by finding the interest.
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