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Amanda [17]
3 years ago
7

Dominica $2000 for 3years at an interest rate of 7% how much interest did she earn on her money?​

Mathematics
1 answer:
Vinvika [58]3 years ago
5 0

Answer:

$420

Step-by-step explanation:

The formula for simple interest is i = prt, where p is the principal, r is the annual interest rate expressed as a decimal fraction, and t is the number of years.

Here p = $2,000, r = 0.07 and t = 3 yr, and so

i = ($2,000)(0.07)(3) = $420 was the amount of interest earned.

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