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6 November, 15:57

P = $14,300

r = 7 %

t = 4

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Answers (1)
  1. 6 November, 16:20
    0
    Hi there

    To find the simple interest

    The formula is

    I=prt

    I interest earned?

    P principle 14300

    R interest rate 0.07

    T time 4 years

    So

    I=14,300*0.07*4

    I=4,004

    Good luck!
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