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How much interest (in dollars) will Alex receive after 2 years if he deposited $14,000 in the bank at 3.5% annual interest rate?

Davit received $870 as an interest for money invested in Foreign Exchange Market three years ago. How much money did he invest, if the annual interest was 4%.

For starting a new business, Arthur borrowed $23000 and calculated $3450 interest for five years. What annual interest was considered?

1 Answer

5 votes

Answer:

interest=$980

principal=$7250

Rate=3%

User Martijn
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