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Colt1911 [192]
3 years ago
5

Casey deposited $1,450 in a bank account with an interest rate of 4%. How much simple interest was earned in two years?

Mathematics
1 answer:
vekshin13 years ago
3 0

Answer:

$116

Step-by-step explanation:

The Simple Interest formula is i = prt.  Here,

i = ($1,450)(0.04)(2 yr) = $116

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