ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Willa deposited $5, 000 in an account that pays 9.25% simple interest. What expression can be used to find the value of her investment after 5 years?
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$5, 000(0.0925)(5) + $5, 000
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$5, 000(0.0925)5
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$5, 000(0.0925)(5)
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$5, 000(1.0925)5
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Explanation:
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