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## Camila invests money in an account paying a simple interest of 3.4% per year. If she invests $50 and no money will be added or removed from

Question

Camila invests money in an account paying a simple interest of 3.4% per year. If she invests $50 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?

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Mathematics
5 months
2021-08-24T22:11:15+00:00
2021-08-24T22:11:15+00:00 2 Answers
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## Answers ( )

After investing $50 and waiting 1 year she would have gained $1.70.

Answer:51.70

Step-by-step explanation:2 ways to calculate

50 x 1.034=51.70

or

50 x .034=1.70 interest

1.70 interest

Plus 50.00 principal

equals 51.70