Calebiwn09 Calebiwn09

20-11-2020
Mathematics

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Tom deposits $1000 into a savings account. That earns 5% simple interest. He has this account for 7 years. How much does it contain now?

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maverickthvr maverickthvr

20-11-2020

Answer:

$1350

Step-by-step explanation:

5% of 1000 is 50

50x7 is 350

1000+350=1350

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