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To be able to go on a trip to South America, Salma decides to save for 2 years. She opens a savings account with $700 . The account pays simple interest at an annual rate of 5% . She doesn't make any more deposits.

(a) How much total interest will Salma earn?

(b) What will the total amount in the account be (including interest)?


Sagot :

Answer:

(a) I'm pretty sure it's $71.75

(b) the total would be $771.75 if i calculated it right...

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