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What is $530, 6%, 1 year

User Naghal
by
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1 Answer

3 votes
$31.80

$530 * 6% * 1 year
X
To do the calculation, convert the percentage to decimal form by dividing it by 100:
6% / 100 = 0.06
Now multiply the initial amount by the interest rate in decimal form:
$530 * 0.06 = $31.80
User MaxwellLynn
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