Bonnie deposits 70.00 into a new savings account the account earns 4.5% simple interest per year. no money is added or removed from the savings account at the end of the 3 years
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To determine the amount that will be in the account, we can use the simple interest equation.
A = P + Prt
A = 70 + 70(.045)(3)
A = 70 + 9.45
A = 79.45
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