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What is the simple interest paid to 250, 3.8%, and 3 years
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What is the simple interest paid to 250, 3.8%, and 3 years

User Daniel Bisceanu
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1 Answer

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Investment = $250

1 year interest = 3.8% x $250 = 0.038 x 250 = $9.50
3 years interest = $9.50 x 3 = $28.50

Answer: The interest for 3 years is $28.50
User Mudit
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