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: Practice & Problem Solving

Part 1 of 2
Marsha deposited $9,000 into a savings account 3 years ago. The simple interest rate is 5%. How much money did Marsha earn in interest?
Substitute the values into the equation.

: Practice & Problem Solving Part 1 of 2 Marsha deposited $9,000 into a savings-example-1

1 Answer

3 votes

Answer:

Marsha earn $1350.

Explanation:

Given;

  • P = $9000
  • T = 3 years
  • R = 5%

To Find;

  • Interest

So,

9000 × 5 × 3 ÷ 100

135000/100

$1350

Thus, Marsha earn $1350.

User Chwarr
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