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23-10-2020
Mathematics

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Henry deposits $25,000 into a savings account at Big City Bank. The bank pays a 2.25% simple interest. How much money will be in Henry’s account after 5 years?

Respuesta :

Edanmaster Edanmaster

25-10-2020

Answer:

$27812.5

Step-by-step explanation:

2.25% = $562.5 each year

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