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20-11-2020
Mathematics

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Edward deposited $6,000 into a savings account 4 years ago. The simple interest rate is 3%. How much money did Edward earn in interest?

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sg8010126 sg8010126

22-11-2020

Answer:

$720

Step-by-step explanation:

Use the simple interest formula and plug in each variable into the formula

I=PRT

P=$6000

R=3% (0.03)

T=4 years

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