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Seventh grade
> M.12 Simple interest ETY
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an
Larry has $1,000 in a savings account that earns 10% annually. The interest is not
compounded. How much interest will he earn in 1 year?
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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