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9 October, 11:26

Find the simple interest of $2300 invested at 7.5%for 10years

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  1. 9 October, 13:55
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    Use the formula I = Prt. Plug $2300 into P.

    Plug 7.5% (decimal form is 0.075) into r.

    Plug 10 into t.

    Your simple interest after 10 years is $1725
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