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You put $400 in a savings account. The account earns 7% simple interest per year.

a. What is the interest earned after 10 years?

b. What is the balance after 10 years?

Respuesta :

Saniam14

Answer:

786.86 would have been earned after ten years.

After ten years the balance would be 1186.86

Step-by-step explanation:

First I put the numbers into the equation 400l(1+.07/1)^10 and solved it to get 786.86 then added that to the original amount getting the second part of the answer :)

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