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A savings account that pays a simple interest at an annual rate of 6% is opened with an initial deposit of $5000. Using T for

A savings account that pays a simple interest at an annual rate of 6% is opened with an initial deposit of $5000. Using T for the time in years since the account was opened and B for the account balance, find a formula for B as a function of T.

Also, how much interest has been earned after 3 years?

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