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Find the amount of simple interest:I=PxRxT $1,600 at 3% for 1 year
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Find the amount of simple interest:I=PxRxT

$1,600 at 3% for 1 year

User Patrick Robertson
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1 Answer

7 votes
I=PRT, P=$1600 R=3% T=1yr
=1600x(3/100)x1
= $48.00
User Idrees Khan
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7.8k points
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