You put $6,000 in an account the account of $1050 simple interest in 5 years was the annual interest rate

Ending Balance with Simple Interest Formula

This can be determined by multiplying the $1000 original balance times [1+(10%)(3)], or times 1.30. Instead of using this alternative formula, the amount earned could be simply added to the original balance to find the ending balance.

Step-by-step explanation:

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