SOLUTION: You put $4,750 into a bank paying 1.4% simple interest per year. Suppose you don�t take anything out of the account. How much do you have after two years?

SOLUTION: You put $4,750 into a bank paying 1.4% simple interest per year. Suppose you don�t take anything out of the account. How much do you have after two years?

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Question 307098: You put $4,750 into a bank paying 1.4% simple interest per year. Suppose you don�t take anything out of the account. How much do you have after two years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
4750*.014*2=$133
4750+133=$4888
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