claire deposited 50,000 in a bank that pays 2% simple interest rate. How much will be her money after 5 years?
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claire deposited 50,000 in a bank that pays 2% simple interest rate. How much will be her money after 5 years?
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I think it is 24,995
Explanation:
50,000 divided by 2=25,000
25,000-5=24,995
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