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Local camping story deposited $12,000 into a savings account the account pays 2.5% simple interest at the store does not add or withdraw money from the account how much interest will the store earn after eight months

Sagot :

Explanation:

principal(p)=$12000

rate(r)=2.5%

time(t)=8months=8/12years=2/3years

simple interest=ptr/100=($12000×2.5×2/3)/100=$200

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