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a bank offers a savings account with a yearly simple interest rate of 2 percent. suppose you deposit 550 into savings account. how much simple interest will you earn in 4 years? in 4 years and 6 months.


I WILL GIVE YOU 30 IF YOU JUST HELP ME PLEASE?

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aguilarjohnlawrence2

Answer:

In 4 years you will get 44 and in 4 years and 6 months you will get 49.5

Step-by-step explanation:

550*0.02= 11 (yearly interest)

11*4 years= 44

11/12months=0.917

0.917*6 months= 5.5

44+5.5=49.5 (4 years and 6 months interest)

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