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bixtya [17]
4 years ago
7

If you deposit $100 in a savings account that earns simple interest at a rate of 1.5% per year how much interest will you have e

arned after five years
Mathematics
2 answers:
Alexus [3.1K]4 years ago
7 0
Equation: L=P*R*T

P=100
R=1.5%=0.015
T=5

Multiply and you get 7.5 as the interest.

jeka944 years ago
6 0


$100 × 1.5 = $150

$150 × 5 = $750
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