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OpenStudy (anonymous):
Nate invested $3,800 in a certificate of deposit with a simple annual interest rate of 4%. How much interest will he earn after a year?
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OpenStudy (saifoo.khan):
\[I = \frac{PRT}{100}\]
OpenStudy (amistre64):
i = prt i = 3800(4%)(1)
OpenStudy (anonymous):
3800$x0.04=152$
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