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How much interest is earned on a principal of $900 invested at an interest rate of 7% for eight years?
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1 vote
How much interest is earned on a principal of $900 invested at an interest rate of 7% for eight years?

User Neetesh Dadwariya
by
4.9k points

1 Answer

2 votes

Answer: $504

Explanation:

Use I=Prt

I=900(0.07)(8)

I=504

$504

User Aldwin
by
5.0k points
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