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27 March, 17:22

Misty deposit $3600 in a bank account that pays 2% simple interest. If she doesn't change the principal what will her balance be in five years.

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  1. 27 March, 18:13
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    Principle amount is $3600

    2% interset is $72.00

    In 5 years time interest she will get is 5X72 = $360.00

    Total will be 3600.00+360.00

    answer $3960.00 balance will be in five years.
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