Question

I deposit $5000 into a savings account which earns 6% simple interest annually. How much money will be in the account in ten years?

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

8000

Step-by-step explanation:

Principal 5000

Rate% 6%

Time 10 years

Simple interest Principal* Rate * Time

5000* 6*10/100= 3000

Amount 5000+30000= 8000

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