24-03-2021
Mathematics

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Alex has $50,000 to invest in a simple interest account that earns 6.5% annual interest. If Alex wants to withdraw the money after 15 years, how much would she be able to withdraw?

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24-03-2021

Answer:

$98,750

Step-by-step explanation:

6.5% = 0.065

50,000 x 0.065 = 3250.

3250 x 15 = 48,750

50,000 + 48,750 = $98,750

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