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4 years ago

12

You deposit $70 in a savings account that pays an annual interest rate of 30%. How much simple interest would you earn in 2.5 ye

ars?

1 answer:

blagie [28]4 years ago

4 0

The formula is
I=prt
I interest earned?
P principle 70
R interest rate 0.3
T time 2.5 years
I=70×0.3×2.5
I=52.5

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