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22-02-2022
Mathematics

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Edward deposited $5,000 into a savings account 3 years ago. The simple interest rate is 4%. How
much money did Edward earn in interest?

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student801 student801

22-02-2022

Answer:

si = prt/100

so si = 5000x3x4/100

si = 50x3x4

which is 600

so he earned 600$ in interest

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