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What is the annual interest for a principal of 3500 at a simple interest rate of 2.3

What is the annual interest for a principal of 3500 at a simple interest rate of 2.3
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What is the annual interest for a principal of 3500 at a simple interest rate of 2.3

User Ralph Versteegen
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1 Answer

6 votes
80.50 is your answer I=PRT for simple interest rate.
I= Interest
P=Principal
R=Interest Rate
T=Amount of time
User Yves Baumes
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