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OpenStudy (anonymous):
Marco deposited $500 in a savings account earning 4% interest over 5 years. What was the total amount of interest earned at the end of 5 years? A. $40 B. $50 C. $100 D. $200
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OpenStudy (solomonzelman):
simple interest or compound interest?
OpenStudy (anonymous):
simple
OpenStudy (solomonzelman):
Ok, so what is 4% of 500? multiply that times the number of years that he was getting these money.
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