bennett07hn bennett07hn

06-12-2019
Mathematics

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Write an equation to find the amount of interest $450,000 earns in 1 year at a simple interest rate of 3.5%.

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opatolaemmanuell opatolaemmanuell

07-12-2019

Answer:

Simple interest is derived by the formula:

I =PRT/100

Step-by-step explanation:

I = Simple Interest

P = Principal or Starting Amount

R = Rate

T = Time of Investment

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