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Ratling [72]
3 years ago
8

Marco deposited $500 in a savings account earning 4% simple interest over 5 years. What was the total amount of interest earned

at the end of 5 years?
(Please show how u got your answer to)
Mathematics
2 answers:
Finger [1]3 years ago
7 0
Interest earned (IE) = PxRxT
IE = 500 x 0.04 x 5 = $100
Dimas [21]3 years ago
6 0
Interest=partxratextime   500x.04x5=100 He earned 100 dollars in interest.

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