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A student deposits 50000 cash for his school fee in a bank

A student deposits $50,000 cash for his school fee in a bank that pays 20% simple interest per annum. If the student goes to withdraw the money after four years, can you please explain to me how to determine the amount of the money he will find in the account

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Business Economics: A student deposits 50000 cash for his school fee in a bank

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Business Economics: A student deposits 50000 cash for his school fee in a bank

Reference No:- TGS02878603

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