50 points and brainliest to first one who answers This chart shows a sequence of causes and effects in how banking can affect so
ciety. Complete the chart by selecting the correct word..
1 answer:
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Answer: Edwin's deposit will earn an interest of $1327.50
We determine the simple interest on an amount deposited with the following formula:
where
SI = Simple Interest
P = Principal or the amount deposited
N = Number of years for which the deposit is made
R = annual rate of interest on the principal
Substituting the values from the question in the formula above we get,