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Mathematics, 02.02.2021 08:40 taylorclarkx17
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Seventh grade
M.12 Simple interest E7Y
Nicholas has $60,000 in a savings account that earns 1% interest per year. The interest is
not compounded. How much will he have in 4 years?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r
is the interest rate expressed as a decimal, and t is the time in years.
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Answers: 2
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