Answered

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Edward deposited 9,000 into a savings account 2years ago tthe simple interest is 2% how much money did edward earn in intrest

Sagot :

We just need to use the simple interest formula:

[tex]I=PV\cdot r\cdot t[/tex]

Where:

I = Interest

PV = Principal or initial investment = 9000

r = interest rate = 0.02

t = time = 2

[tex]\begin{gathered} I=9000\times0.02\times2 \\ I=360 \end{gathered}[/tex]

$360

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