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Anuta_ua [19.1K]

2 years ago

7

How much simple interest is earned on an investment of 1,250 if the money is invested for 5 years at an annual interest rate of

4.5%

1 answer:

Alekssandra [29.7K]2 years ago

8 0

<h3>Answer: $281.25</h3>

Work Shown:

i = P*r*t

i = 1250*0.045*5

i = 281.25

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