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02-09-2017
Mathematics

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Using the formula I=PRT to find simple interest on an account, find the amount of interest earned in 10 years if you deposited $3900 into a savings account earning 3% per year

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Аноним Аноним

02-09-2017

Principle (P) = $ 3900

Rate (R) = 3 %

Time (T) = 10 years

Simple Interest = [tex] \frac{PRT}{100} = \frac{3900*3*10}{100} = 39*3*10[/tex] = $ 1170

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