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3 years ago

10

Liu deposited 3,500 into a savings account . The simple interest rate is 4%. How much interest will the account earn in 2 years

.
Interest = interest rate x principal x time

1 answer:

Arada [10]3 years ago

8 0

Answer:

$280

Step-by-step explanation:

Interest = Interest Rate x Principal x time

Interest = 0.04 x $3,500 x 2

Interest = $280

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