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4 February, 14:36

If $450 is invested for one year at 12.1 %simple interest, how much interest is earned?

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  1. 4 February, 17:33
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    I = p * r * t

    p = 450

    i = interest? That's what you are trying to find.

    r = 12.1/100 = 0.121

    t = 1 year

    i = 450 * 0.121 * 1

    i = 54.45 dollars.
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