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What is the simple interest after six months

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Reference no: EM132751907

Problem 1: The principal on Wallace Drucker's savings account is $300. The annual interest rate is 5%. What is the simple interest after six months?

Problem 2: Tyler Cook has a check for $295.50 and a check for $6.25. He also has a $10.00 bill. He would like to receive $5.00 in cash and deposit the rest of the money into his savings account. What is the total deposit?

Reference no: EM132751907

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