What is the amount of interest on a deposit of $750 at an annual simple interest rate of 6% at the end of 5 years?

What is the amount of interest on a deposit of $750 at an annual simple interest rate of 6% at the end of 5 years?

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  1. Answer: $253

    Step-by-step explanation:At the end of 5 years, your savings will have grown to $1,003.

    You will have earned in $253 in interest.

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