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iVinArrow [24]
4 years ago
15

8. Kristen borrowed $700 at a

Mathematics
1 answer:
ehidna [41]4 years ago
7 0

\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$700\\ r=rate\to 15\%\to \frac{15}{100}\dotfill &0.15\\ t=years\dotfill &3 \end{cases} \\\\\\ I=(700)(0.15)(3)\implies I=315

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