Seudónimo Seudónimo

01-06-2017
Mathematics

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How much interest will you earn by investing $1200 at a simple interest rate of 2.5% per year for 6 years

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annikad annikad

01-06-2017

2.5% of 1200 is $30. Because we're not having to calculate compound interest, we can simply multiply 30 by 6 to give $180 in interest after 6 years.

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