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November 1, 2014

November 1, 2014

Posted by **Anonymous** on Saturday, July 29, 2006 at 7:03pm.

Hal invested $2500 at 4 ¾% simple interest. Determine the accumulated amount when he withdrew the investment at the end of 5 years?

This site has a great explanation for figuring simple interest.

http://www.webmath.com/simpinterest.html

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