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How much interest earned on 124 ar 4% for one year
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How much interest earned on 124 ar 4% for one year

User Anthony Miller
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1 Answer

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The principal amount is 124

The interest rate is 4% [in decimal, 4% is 4/100 = 0.04]

To get the interest amount, we mutiply the principal with the interest rate (in decimal).

The answer is:


124\cdot0.04=4.96

User MalcolmOcean
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