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OpenStudy (anonymous):
James deposited $8000 into a savings account that earns simple interest. If his interest rate is 5% per year and he leaves it there for 4 years, how much interest will he earn? Work needs to be shown. a) $1,600 b) $160,000 c) $8,009 d) $16,000 Show the work please
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OpenStudy (tkhunny):
I = Prt P = 8000 r = 0.05 t = 4 Go!
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