SOLUTION: A principal of $950 is invested in an account at 7 percent per year simple interest. What is the amount of the principal after 5 years? Do not include units in your answer.

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Question 651357: A principal of $950 is invested in an account at 7 percent per year simple interest. What is the amount of the principal after 5 years? Do not include units in your answer.
Answer by Aaniya(63) About Me  (Show Source):
You can put this solution on YOUR website!
earnings after 5 years $382.44
ending balance $1,332.42