SOLUTION: 1) A retiree invests $3,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year?
2) A friend lends you $240, which you agree
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-> SOLUTION: 1) A retiree invests $3,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year?
2) A friend lends you $240, which you agree
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Question 1052178: 1) A retiree invests $3,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year?
2) A friend lends you $240, which you agree to repay with 4% interest.
How much will you have to repay?
$
How much of that was interest?
3)
Alewuya invests $14,000 at 2% simple interest for 7 year. How much is in the account at the end of the 7 years period?
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