SOLUTION: deposits 5850 at a 2% for 1 year how much interest will he earn ? what is the account balance at the end of 1 year ?

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Question 896599: deposits 5850 at a 2% for 1 year how much interest will he earn ? what is the account balance at the end of 1 year ?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=5850*0.02*1
I=$117
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5850+117=$5967