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OpenStudy (anonymous):
What is the interest earned on $3,000 at a rate of 0.04 for 3 years?
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OpenStudy (pyxieyt):
Simple interest formula: I=PxRxT I= the interest Money created in dollars P= Starting money (Principal) R= The interest Rate per year T= The Years (time) So it will look like I=3,000x0.04x3 That should equal 360
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