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31-10-2022
Mathematics

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how much interest earned on 124 ar 4% for one year

Respuesta :

CodiH11635 CodiH11635

31-10-2022

The principal amount is 124

The interest rate is 4% [in decimal, 4% is 4/100 = 0.04]

To get the interest amount, we mutiply the principal with the interest rate (in decimal).

The answer is:

[tex]124\cdot0.04=4.96[/tex]

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