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1 vote
How much simple interest does $3000 earn in 3 months at 7.85% interest? balance?​

User Harvey
by
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1 Answer

2 votes

Answer:

It will earn 0.55 x 4000 = ? annually.

? x 2.5 years = total interest earned.

4000 + interest earned = balance at maturity.

Explanation:

User Furykid
by
4.7k points
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