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Radda [10]
3 years ago
14

Jason puts 500$ in a savings account at an annnual interest rate of 3% if he does not put money in or take money out what is the

interst he will get at the end of 8 months round up to the nerest cent
Mathematics
1 answer:
tangare [24]3 years ago
5 0

Answer:

$500.1

Step-by-step explanation:

Step one:

principal= $500

rate= 3%

time 8 months

Required

The  final amount

Step two;

simple interest= PRT/100

SI= (500*0.03*8/12)/100

SI=10/100

SI=0.1

The final amount is

Amount= 500+0.1

Amount= $500.1

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