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3 years ago

15

Choose the correct answer for the amount of interest earned in the following simple interest problem. A deposit of $4,000 at 9.5

% for 270 days

1 answer:

Eduardwww [97]3 years ago

8 0

I=prt
I interest earned
P principle 4000
R interest rate 0.095
T time270/365
I=4,000×0.095×(270÷365)
I=281.10

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