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3 December, 18:03

Caleb invested $9200 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he earn? A. $285

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  1. 3 December, 21:09
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    Simple interest = principal x interest (in decimal form) x time

    I = (9200) (0.03) (7) = $1932
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