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Sagot :
Answer:
interest earned is $176
Step-by-step explanation:
Interest = Principal x Rate x Time
I = 880 x .04 x 5
I = 176
Answer:
$176
Step-by-step explanation:
Simple interest = P ( initial money )*r (rate ) *t ( time )
P = $880
r = 4% = 0.04
t = 5 years
Simple interest = 880 * 0.04 * 5 = $ 176
Interest you earn in 5 years is $176.
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