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OpenStudy (faman39):
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 (akshay_budhkar):
Interest= Principal x /rate of interest x number of years /100 therefore interest= 3800 x 4 x 1/100 = 38 x4 = 132
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