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zhannawk [14.2K]

3 years ago

15

Spencer has $60 in a savings account the intrest rate is 10% per year and is not compounded how much intrest will he earn In 1 y

ear

1 answer:

tangare [24]3 years ago

8 0

Answer:

$6.00

Step-by-step explanation:

Use the formula for simple interest: Interest = Principle x Rate x Time

so I = $60.00 x .1 x 1 = $6.00

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