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OpenStudy (anonymous):
Find the interest earned on an investment with a principal = $200, interest rate = 6% per year, and time = 3 years $236 $238.20 $36 $560
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OpenStudy (anonymous):
This investment is NOT compounded each year, but is simple interest. I = Prt Where: I = Interest earned P = Principal R = Interest rate T = time I = 200 * 0.06 * 3 I = 36
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