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OpenStudy (anonymous):
last one lol.... i need to go back and learn all this easier stuff i cant believe i forgot it all... Ruiz invests $55 at a simple interest rate of 4%. How much interest will he earn after 5 years
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OpenStudy (anonymous):
Simple Interest Earned = P*R*T = 55 * 0.04 * 5 = 2.20 * 5 = $ 11
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