Franklin Brewer
04/13/2024 · Elementary School
Frank invested \( \$ 5000 \) at \( 8 \% \) simple interest. Part 1 of 2 (a) How much interest will he earn each year? The amount of interest earned each year is \( \$ 400 \). Part: \( 1 / 2 \). 2 . 2 of 2 (b) What will be the total value of the account after seven \( y \) The total value of thfo account after seven years is \( \$ \square \).
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The total value of the account after seven years is \( \$ 7800 \).
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