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16 January, 20:33

david has $245 in an account that earns 3% simple interest per year. how much interest will he earn in 4 years

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  1. 16 January, 20:46
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    Answer : $27.40

    Work:

    3%=0.03

    Multiply 0.03 by 4 years and you get 0.12

    Next, multiply $245 by 0.12 and then divide by 100% (100) and the answer would be 27.40 interest
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