Don deposited $3,500 for 5 years on 2.40% P. A. interest rate in his savings account. How much simple interest will he earn?

asked May 4, 2022 165k views

11 votes

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6 votes

Explanation:

S.I=P×R×T

P=$3500

R=2.40%

T=5

S.I=3500×5×2.40

___________

100

S.I= $420

Manuel G answered May 8, 2022

4.6k points

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