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viva [34]
3 years ago
11

How much interest is earned on $269 at 10% for five years?

Mathematics
2 answers:
faltersainse [42]3 years ago
6 0
The interest would be $134.50
Marat540 [252]3 years ago
6 0

The simple interest can be calculated using the formula:

I = \frac{PRT}{100}

We are given :

Principal = $269

Rate of interest = 10%

Time = 5 years

Plugging the values in the formula:

I = \frac{269*10*5}{100}

Interest = $134.5


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