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 Question from lynn, a student: I need to find what the interest will be for: 5000.00 @ 16.5% annual rate, and the same for 10.8 % for 5000.00 annual rate all one question thank you for your aid

Hi Lynn,

Suppose you had $\$2000.00$in your savings account that paid$5.2\%$simple interest per annum. At the end of the year you would have$5.2\%$of$\$2000.00$ as interest. That's

$0.052 \times \2000.00 = \10.40.$

Penny

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