6. Allison's grandmother started depositing $1000 in a saving account each year on her birthday. The account pays 3.5% simple interest. The interest earned each year is removed from the account. How much interest will the account earn after year 5?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Practice (Simple and Compound)
6. Allison's grandmother started depositing $1000 in a
saving account each year on her birthday. The account
pays 3.5% simple interest. The interest earned each
year is removed from the account. How much interest
will the account earn after year 5?
Directions:
1. Write the formula:
2. What are you looking for?
3. Numbers involve in the formula:
Transcribed Image Text:Practice (Simple and Compound) 6. Allison's grandmother started depositing $1000 in a saving account each year on her birthday. The account pays 3.5% simple interest. The interest earned each year is removed from the account. How much interest will the account earn after year 5? Directions: 1. Write the formula: 2. What are you looking for? 3. Numbers involve in the formula:
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