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Matthew invests $5,000 at 4% simple interest. About how much interest will he earn in eight months?
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2 votes
Matthew invests $5,000 at 4% simple interest. About how much interest will he earn in eight months?

User Chembrad
by
7.9k points

1 Answer

4 votes

Answer:

P times R times T

5000 times 4 times 8,

divided by hundred.

Therefore the answer is = 160 dollars

User HpTerm
by
7.8k points
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