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simple interest = P × r × t If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?
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simple interest = P × r × t If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?

User Sergii Pechenizkyi
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1 Answer

5 votes
200*.04*1=8usd is the simple interest earned in one year.
User Shahil Mohammed
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