John opens a savings account by depositing 5000 the account, Business Economics

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John opens a savings account by depositing 5000 the account

John opens a savings account by depositing $5000. The account pays 2% simple interest. After 3 years, John makes another deposit, this time for $6000. What will be the amount in the account when John withdraws the money 7 years after the first deposit?

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Business Economics: John opens a savings account by depositing 5000 the account

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