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9 March, 00:25

Holly opened a savings account at a local bank. She deposited $3,400.00 into the account 8 years ago. If the account earns an annual simple interest rate of 7.2%, how much interest has she earned?

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  1. 9 March, 00:44
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    I=prt

    I=3,400*0.072*8

    I=1,958.4
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