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Tim opened a savings account and deposited 300.00 as principal. The account earns 5% interest, compounded monthly. How much interest will he earn after 3 years?56% of what number is 35Terry deposits a principal amount of 500 in a savings account that earns an annual rate of simple interest. If he makes no deposits or withdrawals, he will earn 40 in simple interest in 4 years. What is the annual rate of simple interest?seven equals eleven subtracted from a numberForty less than 5 times a number is the same as 16 more than-2 times a number.Forty less than 5 times a number is the same as 16 more than-2 times a number.