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Quinn has $31,700 in a savings

account that earns 7% annually.The
interest is not compounded.How much interest will she earn in 3years?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

$

1 Answer

4 votes

Answer:

she will earn $6,657 in interest in 3 years

User Alex Collins
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