Jeiku5240 Jeiku5240

25-06-2019
Mathematics

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Jill wants to save to buy a car. She decides to open a banking account that is offering a simple interest rate of 4.5% annually. How much will Jill have in her account after 5 years if she deposits $7,000 today?

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hoffmannvah123 hoffmannvah123

25-06-2019

Answer:

The interest is: $1575

The total is: $8575

Step-by-step explanation:

7000*5*0.045 gets you the interest

Then you add the original amount, 7000, to the total

1575+7000=$8575

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