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    Simple Interest

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    You invest $250 in your savings account at the end of each year and earn an average of 6% per year in interest. How much will you have in your savings account at the end of forty years?

    Can you explain how to solve this without using all the symbols or at least tell me what these symbols me such as:

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    interest
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    You invest $250 in your savings account at the end of each year and earn an average of 6% per year in interest. How much will you have in your savings account at the ...

    Solution Summary

    Simple Interest is investigated.

    $2.19

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