Chrissstal Chrissstal

29-03-2018
Mathematics

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tamara invested 15000 in an account that pays 4% annual simple interest. Tamara will not make any additional desposits or withdrawls. How much interest will Tamara earn on her investment at the end of 3 years?

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29-03-2018

You multiply 15,000 by 0.04 that gives you 600 per year. You need to multiply 600 by 3 to get the answer =1,800.

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