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13 October, 04:34

Find the amount of interest earned in an account with an initial deposit of $800 for 15 years at an interest rate of 3%

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  1. 13 October, 08:00
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    interest = 360

    Step-by-step explanation:

    Using the formula i = prt (interest = principal x rate x time)

    From the information provided p=800, t=15, r=3% (0.03)

    i = 800x0.03x15

    i=360
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