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deathsindragon:

valentina invested $6500 in savings account with a yearly interest rate of 4% for 7 yrs. how much simple interest did she earn? A.$260 B. $182 C. $1820 D. $2600

jimthompson5910:

You'll use this formula \(\large i = P*r*t\) where in this case, P = 6500 = amount deposited r = 0.04 = decimal form of the annual interest rate t = 7 = number of years

deathsindragon:

1820

jimthompson5910:

correct

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