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7 February, 22:58

Kristina invests $5,000 at 15% simple interest for 2 years. How much interest did Kristina earn over the 2 years?

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  1. 7 February, 23:08
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    Using

    SI = PRT/100

    = (5000 * 15 * 2) / 100

    = 50*15*2 = 1500$
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