When Janette was 5 years old, her grandmother deposited $2500 into a savings account for her. The account pays a simple annual interest rate of 4%. What will the balance be when Janette turns 15 years old?

Question

01-11-2021
Mathematics

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When Janette was 5 years old, her grandmother deposited $2500 into a savings account for her. The account pays a simple annual interest rate of 4%. What will the balance be when Janette turns 15 years old?

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