Answered

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edward deposited $6,000 into a savings account 4 years ago. the simple interest rate is 3% how much money did edward earn in interest?
(SHOW FULL WORK FOR BRAINLIEST) PLEASE HELP

Sagot :

cibitshepiso

Answer:

$6000×3%=180 for a month

so for for years

=6000x48×3%=R8 640

Step-by-step explanation:

1 year has 12 month so you will say 4 year's × 12 Month's it will give you 48 so you Multiply by his deposited money ×Percent

formula=Deposit money×Year's×Percent

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