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OpenStudy (anonymous):
If a bank offers a savings account that pays simple interest rate of 4% and you deposit $475.00 into this account, how much interest will you have earned after 3 years? a. $5,700.00 b. $57.00 c.$28.50 d. $3,958.33
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OpenStudy (texaschic101):
I = PRT I = 475(.04)(3) I = 57.00
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