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OpenStudy (anonymous):
Find the simple interest earned after 12 years on an investment of $5,000 at 4% interest earned annually.
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OpenStudy (anonymous):
can someone help me with this plz
OpenStudy (anonymous):
Formula for simple interest: A = P(1 + rt), so A = 5000(1 + (0.04 × 12)) = 7400 A = $ 7,400.00
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