bill07dinh
Answered

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A saving account earns 4.5 simple interest per year. If 650.00 is deposited and no withdrawals or deposits are made during one year how much interest will be earned after one year

Sagot :

briggetinaboxie

Answer:

29.25 Interest

Step-by-step explanation:

Take the formula: I=PRT

The principal is 650.00, 4.5 is the rate, 1 year is the time, We do not know the interest.

Change the rate, 4.5 to 0.045 to help solve the problem.

Times 650.00, 0.045, and 1 together.

You will get 29.25, Which is the answer!

Booyah! You are done.

Hope this helps!

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