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March 29, 2017

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not sure how to solve this problem, Mrs. Smith put $5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year

  • math - ,

    well, how about 6%?
    6% of 5000 = .06 * 5000 = 300

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