Is 4x(y by the power of 2) plus 5(x by the power of 2)y simplified?
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The interest earned in 5 years would be $270
<u>Explanation:</u>
Given:
Principal, P = $1800
Rate of interest, r = 3%
Time, t = 5 years
Simple interest, I = ?
We know,
On substituting the value we get
Therefore, interest earned in 5 years would be $270