1. Francesca Opens up a savings account at her l
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Question
1. Francesca Opens up a savings account at her local bank. She puts in $1,250 and earns an interest rate of 2.5%.
A. How Much Interest Will Francesca Earn After one year?
B. How much interest will Francesca Earn After 10 years.
C. How Much Money Will be in Francescas account after 10 years?
2. Roberto takes out a $15,000 loan for a car with an interest rate of 1.2%, Robert Plans To Pay off his loan over 5 years.
A. How much interest will Roberto have to pay after one year?
B. How Much interest will Roberto have to pay after 5 years?
C. How much will Roberto have to pay back to the bank in total?
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