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Maureen invested $950 in her bank account with an interest rate of 3%. How much interest did sheearn in 6 years?

Sagot :

Explanation

The interest Maureen derived can be gotten using

[tex]\begin{gathered} I=\frac{PRT}{100} \\ I=\frac{950\times3\times6}{100} \\ I=171 \end{gathered}[/tex]

Answer: $171

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