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27 October, 22:37

Leonard makes a $3000 deposit for 15 years at a simple interest rate of 3%. What is the amount of interest earned?

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Answers (2)
  1. 28 October, 00:52
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  2. 28 October, 02:15
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    1350

    Step-by-step explanation:

    The formula says

    Interest earned=deposited amount * interest rate * time

    Interest earned=3,000*0.03*15=1350
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