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Sagot :
Answer:
$6200
Step-by-step explanation:
Given data
Rate= 4%
Principal=$5000
Time = 6 years
The simple interest formula is
A=P(1+rt)
substitute
A=5000(1+0.04*6)
A= 5000(1+0.24)
A=5000*1.24
A=$6200
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