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28 August, 11:31

Kristina invests $5,000 at 15% simple interest for 2 years. How much interest did Kristina earn over the 2 years?

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  1. 28 August, 15:20
    0
    Using

    SI = PRT/100

    = (5000 * 15 * 2) / 100

    = 50*15*2 = 1500$
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