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25 July, 07:19

What is the simple interest paid to 250, 3.8%, and 3 years

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  1. 25 July, 07:34
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    Investment = $250

    1 year interest = 3.8% x $250 = 0.038 x 250 = $9.50

    3 years interest = $9.50 x 3 = $28.50

    Answer: The interest for 3 years is $28.50
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