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If your principal amount is $720 and you earn simple interest at a rate of 6% over 5 years. How much interest did you earn?

If your principal amount is $720 and you earn simple interest at a rate of 6% over 5 years. How much interest did you earn?
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2 votes
If your principal amount is $720 and you earn simple interest at a rate of 6% over 5 years. How much interest did you earn?

User Ncopiy
by
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1 Answer

4 votes

Answer:

$216

Explanation:

6% = 43.2 dollars yearly

User Dbenhur
by
7.6k points
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