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16 February, 20:21

Leonard makes a $3000 deposit for 15 years at a simple interest rate of 3%. What is the amount of interest earned?

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Answers (2)
  1. 16 February, 20:30
    0
    1350

    Step-by-step explanation:

    The formula says

    Interest earned=deposited amount * interest rate * time

    Interest earned=3,000*0.03*15=1350
  2. 16 February, 20:44
    0
    Options?
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