jennifer invests $2,302 in a money market account. the account pays 2.1% simple interest annually. if she doesn’t add or subtract any money, is it reasonable to expect that jennifer will earn about $200 in simple interest in 5 years?

Question

02-06-2022
Mathematics

Answered

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jennifer invests $2,302 in a money market account. the account pays 2.1% simple interest annually. if she doesn’t add or subtract any money, is it reasonable to expect that jennifer will earn about $200 in simple interest in 5 years?

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