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19 October, 10:11

Mindy deposits $250 into a savings account that pays simple interest. If the interest rate is 1.5%, what is her account balance at the end of 2 years if she makes no withdrawals?

A. 253.75

B. 257.50

C. 253.00

D. 507.50

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Answers (1)
  1. 19 October, 13:18
    0
    The answer is answer choice B. 257.50
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