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dolphi86 [110]
3 years ago
10

Jamie has $500 to invest for 3 years. She finds a bank that will invest her money at a simple interest rate of 5%. Interest is T

is equal to the principle P times the product of the rate r as a decimal and the time d in years.
Find the amount of interest earned after 3 years.
Mathematics
1 answer:
musickatia [10]3 years ago
6 0

15% = 0.05
$500 * 0.05 * 3 = $75

answer: <span>amount of interest earned after 3 years is $75</span>
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