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OpenStudy (anonymous):
you deposit 1200 dollars in a savings account that earns simple interest at a rate of 3 percent per year how much interest will you have earned after three years
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OpenStudy (gorv):
rate=r= 3 principle=p=1200 time= 1
OpenStudy (gorv):
simple interest=\[\frac{ p*r*t }{ 100 }\]
OpenStudy (gorv):
plug in the value
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