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21 December, 19:28

jennifer invested 3300 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?

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  1. 21 December, 19:44
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    Jennifer has 3,300 in her saving account, and 9 years of account interest. So, you have to multiple Jennifer's saving account and her 9 years account interest.

    3,300 x 9 = 29,700

    Now, once you have the total of her saving account, take that total saving account and the 6% simple interest rate as you are dividing both equations.

    29,700 : 0.06 = 495,000

    Therefore your answer is 495,000 for the total of simple interest that Jennifer earned.
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