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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? What formula would I use to solve this? ^
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OpenStudy (pixiedust1):
Simple! IRT (interest, rate, time) In your case, it would be 750*0.035*1 = $26.25 in interest in one year
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