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Find the simple interest earned after 5 years on $1200 invested at 2% annual interest rate
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2 votes
Find the simple interest earned after 5 years on $1200 invested at 2% annual interest rate

User Royal Bg
by
8.4k points

1 Answer

4 votes
Multiply principle by time by rate
1200(.02)(5)
120
User Shou
by
7.7k points
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