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7 January, 21:01

Ben Snell has $400 in his savings account. His annual interest rate is 4%. How much simple interest did he earn after six months?

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  1. 7 January, 21:24
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    400 times. 02 = $8.00

    4% is a year of interest 2% is six months

    take 400 x. 02 you come up with 8.00
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