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Diane has $10,000 in savings account that earns interest annually at the rate 5%. How much money In interest will she earn in 1 year?

Respuesta :

sqdancefan

Answer:

  $500

Step-by-step explanation:

The amount of interest in one year is the product of the interest rate and the account balance:

  I = Prt = $10,000×0.05×1 = $500 . . . . . . interest earned in 1 year

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