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1,500, 4.25%, 4 years
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1 vote
1,500, 4.25%, 4 years

User Freestyler
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7.9k points

1 Answer

2 votes
Simple interest (I think that's what it is) formula is I=P*r*t (P=amount r=rate t=time I=interest)

I=1500*.0425*4
I=$255

I hope this helps!
User Clodoaldo Neto
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8.1k points
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