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Sammy deposits $200 in an account at his bank.The simple interest rate is 8%.How much interest will he earn in three years
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Sammy deposits $200 in an account at his bank.The simple interest rate is 8%.How much interest will he earn in three years

User Drew McGhie
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1 Answer

2 votes

Answer:

$48

Explanation:

Multiply 200 by 0.08 or 8%. That is how much interest he will earn in a year. Then multiply the product by 3.

User Shawn Whinnery
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