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3 October, 17:24

A bank is offering 2.5% simple interest on a savings account. if you deposit $5000, how much interest will you earn in one year?

I=PRT

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  1. 3 October, 17:34
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    Answer: $1,500

    I=PRT

    I = (5000) (.025) (12)

    I=$1,500
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