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30 July, 01:15

What is the simple interest that is missing from the table? Use the formula $5,630 r 4% t 2 years

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  1. 30 July, 01:27
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    To find the simple interest the formula is

    I=prt

    I?

    P principle 5630

    R interest rate 0.04

    T time 2 years

    So

    I=5,630*0.04*2=450.4
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