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OpenStudy (anonymous):
The simple interest formula I equals p times r times t gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Hector need to invest at a rate of 2% in order to earn $25 interest in 3 years?
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OpenStudy (help!!!!):
I=prt so just plug in what you have
OpenStudy (help!!!!):
I=prt I=.02*25*3
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