Question: Checkpoint #13 - Simple Interest E 1. Mark deposits $2000 in a GIC for 5 years. The GIC earns 1.5% simple interest. a) How much

Checkpoint #13 - Simple Interest E 1. Mark deposits $2000 in a GIC for 5 years. The GIC earns 1.5% simple interest. a) How much interest does the GIC earn in 1 year? b) What is the total interest earned in 5 years? 2. Sam invests $5000 for 18 months in an account that earns 2.6% simple interest per year. What amount will Sam receive when the investment matures

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