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How much interest is earned on a principal of $2.58 invested at an interest rate of 5% for four years

How much interest is earned on a principal of $2.58 invested at an interest rate of 5% for four years
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How much interest is earned on a principal of $2.58 invested at an interest rate of 5% for four years

User Avara
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1 Answer

3 votes
The answer is 0.516%
Using the simple interest formula
Which is SI= (principal x rate x time)/100
User Marek Stanley
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