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08-05-2017
Mathematics

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Charles deposited $900 in a new account that earns 6% simple interest. After 2 years, how much interest will she have earned?

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Thatgiggles Thatgiggles

08-05-2017

Simple interest is A=P(1+rt) so it would actually be $1008 as the final account balance so in interest she would have aquired 1008-900=$108

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