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An account pays 9% per year simple interest. In year 1, the amount in the account is $750. How much is in the account in year 6?
Question
An account pays 9% per year simple interest. In year 1, the amount in the
account is $750. How much is in the account in year 6?
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Mathematics
5 years
2021-09-05T11:10:17+00:00
2021-09-05T11:10:17+00:00 1 Answers
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Answers ( )
Answer:
$405
Step-by-step explanation:
SI=PTR/100
=9*1*750/100
=$ 67.50
In 6 yrs= 67.50*6
=$405