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Sixth Grade: Simple Interest Word Problems
On May 1 Gerry opened a savings account
On May 1 Gerry opened a savings account that paid 4.5% interest at Forever Broke Savings Band with a deposit of $600. Ten days later he deposited $1000. Five days later he deposited $500. No other deposits or withdrawls wew made. Fifteen days later the bank calculated the daily interest.
a. How much simple interest did he earn?
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