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Taylor wants to figure out how much interest she will earn if she keeps $500 in her savings account for 2 years at a simple annual interest rate of 3%. She has already entered the principal and time into the I = Prt formula, but isn’t sure how to enter the interest rate. Fill it in for her.

User Mrana
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2 Answers

1 vote

Answer:

.03

I hope this helps

!!!!!!!!

User Olofu Mark
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4 votes

Answer:

i= (500)(.03)(2)

Explanation:

User Mikpa
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