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Interest Rate: 7% each year Starting Balance: $372 Time Passed: 6 years Round all answers to the nearest dollar (no cents, no dollar sign, use

Interest Rate: 7% each year Starting Balance: $372 Time Passed: 6 years Round all answers to the nearest dollar (no cents, no dollar sign, use commas where appropriate).

1-How much interest has accrued if we are using simple interest?

2-What is the new total balance?

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