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34. You deposit $2,000 in an account that earns simple interest at a rate of 3% per year. How much interest will you

have earned after 3 years?

User MultiGuy
by
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1 Answer

4 votes

Answer:

Principal=$2000

Rate=3%

Time=3 years

Interest=P*T*R/100

=$2000*3*3/100

=$18000/100

=$180

Explanation:

User Alex Stoyanov
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