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What is 5% simple interest for one year on $575?
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What is 5% simple interest for one year on $575?

User Youngho
by
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1 Answer

3 votes

Answer:

Explanation:

Simple interest I = P×R×T/100

P = $575

T = 1year

R = 5%

I = $(575 × 5 × 1)/100

I = $ 28.75

User Noeldiaz
by
7.6k points
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