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2 years ago

You deposit $200 in a savings

Mathematics

1 answer:

cricket20 [7]2 years ago

4 0

Answer:

$32.50

Step-by-step explanation:

The equation for simple interest is

Simple Interest=P×r×n

where:

P=Principal amount

r=Annual interest rate

n=Term of loan, in years

P=200

r=0.0325

n=5

so 200*0.0325*5=32.5

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Step-by-step explanation:

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