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OpenStudy (anonymous):
Khalid invested $9500 in a savings account with a yearly interest rate of 3% for 8 years. How much simple interest did he earn? A. $2850 B. $2280 C. $228 D. $285
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OpenStudy (perl):
interest = 9500* .03*8
OpenStudy (perl):
Interest = principal * annual rate of interest * number of years
OpenStudy (anonymous):
I=PRT
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