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20 November, 11:20

Calculate the simple interest earned on a savings account with a balance of 1,760. This interest rate is 3% and no withdraws were made during the 7 years the money was in the account

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  1. 20 November, 11:29
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    I=prt

    P principle 1760

    R interest rate 0.03

    T time 7

    I=1,760*0.03*7

    I=369.6
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