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25-01-2021
Mathematics

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John deposited $500 in a savings account at an annual interest rate of 5%. If John does not deposit or withdraw any money, what is the amount of interest John will earn in 10 years?

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Squintz267 Squintz267

25-01-2021

Answer:

The answer is 250 in interest.

Step-by-step explanation:

I=prt, I=(500)(0.05)(10)

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