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10 September, 21:55

Find the simple interest on 500 at 6% for 1 year

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  1. 10 September, 23:39
    0
    Interest = $30

    Step-by-step explanation:

    Formula:

    I = prt or I = p · r · t

    So:

    I = p r t

    I = ($500) (.06) (1) <-- - Just multiply all of these numbers and you get the final answer of:

    Interest = $30.00 or just $30
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