Lanny goes to the bank and puts $4000 dollars in a savings account. He gets and simple interest of 2.5%. If he leave the money in the account for five years how much will he have in the savings account?
Added by Brittany R.
Step 1
Simple Interest = Principal x Rate x Time Simple Interest = $4000 x 0.025 x 5 Simple Interest = $500 Show more…
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