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2 years ago

8

Robert invests $3,250 into a money market account with an annual 1.7% simple interest rate. If he does not add or subtract any m

oney, how much interest will he earn after three years?

1 answer:

Trava [24]2 years ago

4 0

I = PRT/100 where P = pricipal, R = rate and T = number of years. I = interest.

So answer is (3250 * 1.7 * 3) / 100 = $165.75

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