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29 May, 01:13

The formula for simple interest is l = prt where l is the amount of interest, p is the principal, r is the interest rate, and t is the time in years. If Lucy saves $300 at a 5% interest rate, how much simple interest will she receive after 7 years?

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  1. 29 May, 02:15
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    l=prt

    l=300x5x7

    l=10500
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