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What is the simple interest paid on 2000$ at 4% for 4 years?
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1 vote
What is the simple interest paid on 2000$ at 4% for 4 years?

What is the simple interest paid on 2000$ at 4% for 4 years?-example-1
User Bofeng
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1 Answer

1 vote

Simple interest:

I = P x R x T

I = 2000 x 0.04 x 4 = $320

User Johnchase
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