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23 February, 17:28

Jordan invested $600 in a savings account. The interest rate is 3% per year. find the simple interest earned in 6 years. Then find the total of principal plus interest

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  1. 23 February, 17:57
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    Equation: I=prt

    interest equals principal*rate*time

    Substitute the known numbers. I=600*.03*6

    Interest = 108

    interest + principal is 708
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