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5 October, 02:56

Penny deposits $800 into a bank account for 5 years. If the account has a 6% yearly simple interest rate, what is the interest?

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Answers (2)
  1. 5 October, 03:26
    0
    800*5 is 4,000.00

    4,000.00 * 6% is 240.00
  2. 5 October, 04:17
    0
    48 for one year 240 for all five years
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