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17 June, 17:27

An account earns annual simple interest. find the balance of the account.

$2,000 at 9% for 6 months

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  1. 17 June, 20:23
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    y=2000 (1+.09^2) ^1/2

    y=2000 (1.09^2) 1/2

    y=2000 (1.1881) ^1/2

    y=2000 (1.09)

    y=$2180
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