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Mrs Lee had $7500 in her bank account. The bank paid 4% interest at the
end of each year. How much did she have in the bank at the end of 1 year?

Respuesta :

Answer:

$7800

Step-by-step explanation:

1. Principal x interest x rate

So: $7500 + 4% (0.04) x 1 year = $300

2. Interest + Principal

So: $7500 + $300

Mrs Lee had $7800 in the bank.

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