We invest $4000 in an account that pays simple interest of 3% each year. How much interest is earned after 10 years?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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We invest $4000 in an account that pays simple interest of 3% each year. How much interest is
earned after 10 years?
Transcribed Image Text:We invest $4000 in an account that pays simple interest of 3% each year. How much interest is earned after 10 years?
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