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Nookie1986 [14]

3 years ago

5

A bank is offering 2.5% simple interest on a savings account . if you deposit $5000, how much interest will you earn in one year

?
I=PRT

1 answer:

hjlf3 years ago

4 0

Answer: $1,500

I=PRT

I=(5000)(.025)(12)

I=$1,500

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