E
Simple Interest
Question 3 of 8 (1 point) | Question Attempt: 1 of Unlimited
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(a) How much total interest will Linda earn?
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Chock
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To be able to go on a trip to South America, Linda decides to save for 4 years. She opens a savings account with $700. The account pays simple interest at an
annual rate of 5%. She doesn't make any more deposits.
Answer the following questions. If necessary, refer to the list of financial formulas.
(b) What will the total amount in the account be (including interest)?
