(solved)Compute the interest earned in 1 year given the starting account balance B and the annual interest rate I and assuming simple interest, that is, no…. . . . .

B.Compute the interest earned in 1 year given the starting account balance B and the annual interest rate I and assuming simple interest, that is, no compounding. Also determine the final balance at the end of the year.

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Answer to Compute the interest earned in 1 year given the starting account balance B and the annual interest rate I and assuming simple interest, that is, no… . . .

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