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Mathematics 18 Online
OpenStudy (anonymous):

what is the interest on $250.00 at 4% for three years?

OpenStudy (mathmate):

Simple interest: 250*0.04*3=$30 Compound interest, compounded yearly: 250*[(1.04)^3-1]=$31.22 Since the question does not mention compound interest, it is most likely to be simple interest.

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