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Our bank pays 5% simple interest on its savings account balances. If we invest $1000 today, how much will we have in the bank 10

Our bank pays 5% simple interest on its savings account balances. If we invest $1000 today, how much will we have in the bank 10 years from now? a) $1647. b) $1500. c) $1600. d) $$1791. c) $1629

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