Malari4445
Malari4445
12.02.2021 • 
Mathematics

Mr. Jenkins deposited $1,250 into an account. He made no additional deposits or withdrawals. Mr. Jenkins earned 5% annual simple interest on the money in the account. What was the balance in dollars and cents in Mr. Jenkins account at the end of 4 years?

Hint: Balance means how much will he have IN TOTAL! Not just the interest

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