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Principal:=$500 interest rate=5% Time=5 years What is the interest earned

Principal:=$500 interest rate=5% Time=5 years What is the interest earned
97.3k views
3 votes
Principal:=$500

interest rate=5%

Time=5 years

What is the interest earned

User Propeller
by
7.7k points

1 Answer

4 votes

Answer:

$125

Explanation:

I = Prt

I = ($500)(.05)(5) = $2,500(.05) = $125

User IArezki
by
7.9k points
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