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6 November, 08:04

Erik has $70 in a savings account that earns 10 % annually. The interest is not compounded.

How much will he earn in 18 months?

*Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

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  1. 6 November, 11:50
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    He will make 126 interest alone monthly
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