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Write equation that can be used to solve problem

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Reference no: EM131889664

Suppose that $5,400 is invested at 4.25% simple interest per year. What will the balance be after 2 years?

a. Write equation that can be used to solve this problem and indicate what quantity your variable represents.

b. Solve the equation.

c. Answer the question.

Reference no: EM131889664

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