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Vadim26 [7]
3 years ago
8

brendan has $200 in a saving account with a 1% interest rate. using the formula for simple interest, how much will he earn in in

terest after 7 years?
Mathematics
1 answer:
mylen [45]3 years ago
6 0

answer:

$14

step-by-step explanation:

the formula for simple interest is-

i=prt

meaning interest=principal (the starting amount of money) * rate * time

=200*0.01*7

(we have to turn 1% into a decimal so 1/100=0.01)

=14

i=14

good luck :)

i hope this helps

brainliest would be highly appreciated

have a nice day!

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Step-by-step explanation:

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