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You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?
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4 votes
You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?

User Andrewtc
by
5.4k points

1 Answer

3 votes

Answer: $48

Explanation:

Principal×Rate×Time

$300×2/100×8yrs

User SarpErdag
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5.6k points
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