Samantha wants to deposit $10,000 into a simple interest account to save for college. If the savings account generates 2.75%, how much will she have after 4 years?
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Answer:
9999+6345-8888=√534
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Answer:
interest=Rate × Principle amount × time
(i.e. number of years) divided by 100
answer=10000×2.75×4/=1100
Therefore amount she will be getting Is 10000( principal amount)+1100(interest)= 11000
Therefore final answer is 11000
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