Mathematics, 02.03.2021 01:00 hayleedowney0143

1 Michael deposited $300 in a savings
account that paid 6% simple interest.
He made no deposits or withdrawals
for 5 years.
a. How much interest did Michael
earn in 5 years?
b. How much money was in Michael's
account at the end of 5 years?

Answers: 3

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1 Michael deposited $300 in a savings
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More questions: Mathematics Another questions

1 Michael deposited $300 in a savings account that paid 6% simple interest. He made no deposits or withdrawals for 5 years. a. How much interest did Michael earn in 5 years? b. How much money was in Michael's account at the end of 5 years?

Answers

Another question on Mathematics

1 Michael deposited $300 in a savings
account that paid 6% simple interest.
He made no deposits or withdrawals
for 5 years.
a. How much interest did Michael
earn in 5 years?
b. How much money was in Michael's
account at the end of 5 years?