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Suppose you deposit500 500dollars into a bank with4% 4%simple interest. The amount in the account aftert tyears is given byA(t)=500(1.04) t A(t)=500(1.04)t(in dollars).

Suppose you deposit500

500dollars into a bank with4%

4%simple interest. The amount in the account aftert

tyears is given byA(t)=500(1.04)

A(t)=500(1.04)t(in dollars).

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