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09-02-2017
Mathematics

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Scott deposits 1000 in an account that earns 5% simple interest. What will the account be worth after two years

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09-02-2017

S.I.=[tex] \frac{PRT}{100} [/tex]
p=1000
r=5%
t=2 years
S.I.=[tex] \frac{1000*5*2}{100} [/tex]
S.I=100
amount=p+s.i.
1000+100
=1100

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