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suter [353]
3 years ago
6

Hillary opened a savings account with $1,500. How much simple interest will she earn if she leaves the money in the account for

two years at an interest rate of 0.025? Use the formula i = prt.
Mathematics
2 answers:
lawyer [7]3 years ago
7 0

Answer:

75

Step-by-step explanation:

Setler79 [48]3 years ago
4 0

She will earns $75 interest

Step-by-step explanation:

The simple interest formula is I = Prt, where

  • P is the initial money invested
  • r is the interest rate in decimal
  • t is the time of investment

∵ Hillary opened a savings account with $1,500

∴ P = 1500

∵ She leaves the money in the account for two years at an

   interest rate of 0.025 (simple interest)

∴ r = 0.025

∴ t = 2

- Substitute all of these values in the formula above

∵ I = (1500)(0.025)(2)

∴ I = 75

She will earns $75 interest

Learn more:

You can learn more about the interest in brainly.com/question/10672611

#LearnwithBrainly

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Step-by-step explanation:

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Diano4ka-milaya [45]

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<h3>What are the roots of the equation?</h3>

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