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OpenStudy (anonymous):
Janice deposited $750 in a savings account that earns 3.5% simple interest. How much interest has Janice earned by the end of the first year?
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OpenStudy (akashdeepdeb):
Okay so you have! Principal = 750 rate = 0.035 time = 1 year! Interest = P*R*T Understood? :)
OpenStudy (anonymous):
got it $26.25 thanks friend :^)
OpenStudy (akashdeepdeb):
:)
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