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Multiple choice

Noah invests her money in an account that earns 2% simple interest annually. If her initial deposit is $500, which of the following gives the value of her investment after 5 years?

  1. 500(1.02)5

  2. 500 * 2 * 5

  3. 550

  4. 500(1.2)5

Reveal answer Fill a bubble to check yourself
B Correct answer

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