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Arithmetic
Question

3)Your uncle gives you \( \$ 100 \) and deposits i...

3)Your uncle gives you \( \$ 100 \) and deposits it into a savings account that pays simple interest of \( 6 \% \) per year. How much will you earn in interest for the year?

 (4) At the beginning of the year you have \( \$ 450 \) in your savings account and you are earning simple interest of \( 3.5 \% \) for the year. How much will you have at the end of the year? 

5) Simple interest at \( 7 \% \) on \( \$ 5,000 \) would be how much? 

Answer

3) $ 6

4) $ 465.75

5) $ 350

Solution
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