joshsd7483 joshsd7483
  • 29-10-2018
  • Mathematics
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How much interest is earned in one year on 5,000 at an interest rate of 3%?

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Matrixdepotato
Matrixdepotato Matrixdepotato
  • 03-11-2018
150 is the amount of interest earned for one year because the formula of PRT is, in this case 5000 times 0.03 times one which gets you the answer of 150.
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