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350 at 5% for 4 years what is it simple interest to the nearest cent

350 at 5% for 4 years what is it simple interest to the nearest cent
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350 at 5% for 4 years what is it simple interest to the nearest cent

User Nikita Shchypyplov
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I'm assuming the interest is 5% each year in which case so using the equation A=P(1+rt) and substituting in the values given you have A=350(1+.05(4)) which is $420.00
User Voonic
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