unknown2282 unknown2282

03-05-2018
Mathematics

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Simple interest is calculated on the principal in an account using the formula I=prt. How much simple interest does $3,500.00 earn in 6 months at an annual interest rate of 2.5%?

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altavistard altavistard

08-05-2018

Here, i = $3500*0.025*(1/2) = $43.75 in simple interest.

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