bellaboo0227 bellaboo0227

09-05-2018
Mathematics

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Frank invests 250$ at a simple interest rate of 5%. How much interest will he earn after 4 years?

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xholland xholland

09-05-2018

I got $50 of interest over 4 years

1 year = 250*5% or 1 year = 250*.05
1 year of interest = $12.5

4 years of interest = 12.5*4
4 years of interest = $50

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