What is the simple intrest on $160 invested at 7% per year for three years

asked Jul 16, 2022 8.0k views

3 votes

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3 votes

Answer:

130.6 apporexiatly

Explanation:

t years, s simple interest, r rate.

s(r/100+1)^t

x(1.07)^3 = 160

x = 130.6

Steven Levine answered Jul 20, 2022

5.1k points

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