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Gity Bank offers a 4.75% simple Interest rate, while First National offers 3.9%. If Tom wants to set up a new account with $500, how much more money will he earn in interest at Gity Bank over First National after 12 years? A) $45 Las Vegas B) $48 Philadelphia C) $51 D) $55 Hollywood New York City E) $59 Seattle

Gity Bank offers a 4.75% simple Interest rate, while First National offers 3.9%. If Tom wants to set up a new account with $500, how much more money will he earn in interest at Gity Bank over First National after 12 years? A) $45 Las Vegas B) $48 Philadelphia C) $51 D) $55 Hollywood New York City E) $59 Seattle

Algebra and Trigonometry (6th Edition)
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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Gity Bank offers a 4.75% simple Interest rate, While First National offers 3.9%. If Tom wants to set up a new account with $500, how much more money will he earn in interest at Gity Bank over First National after 12 years? A) $45 Las Vegas B) $48 Philadelphia C) $51 Hollywood New York City D) $55 E) $59 Seattle
Transcribed Image Text:Gity Bank offers a 4.75% simple Interest rate, While First National offers 3.9%. If Tom wants to set up a new account with $500, how much more money will he earn in interest at Gity Bank over First National after 12 years? A) $45 Las Vegas B) $48 Philadelphia C) $51 Hollywood New York City D) $55 E) $59 Seattle
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