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simple interest = P × r × t Perry earns 5 percent simple interest annually on his savings account. How much interest will Perry earn each month on $650?
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Feb 18, 2018
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simple interest = P × r × t Perry earns 5 percent simple interest annually on his savings account. How much interest will Perry earn each month on $650?
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Alessandro Peca
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P = $650
r = 5% annually = 0.05
t = 1 month = 1/12 year
SI = Prt = 650 * 0.05 * 1/12 = $2.7
Paul Oskar Mayer
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Feb 22, 2018
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Paul Oskar Mayer
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