can you please give me some 3 examples of simple interest
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Ian is investing $4,000 for 2 years. The interest rate is 5.5%. How much interest will Ian earn after 2 years?
Doug made a 3 year investment. The interest rate was 4.5%. After 3 years, he earned $675 in interest. ...
Kim got a loan of $4700 to buy a used car. The interest rate is 7.5%. She paid $1057.50 in interest.
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Examples:
- Ian is investing $4,000 for 2 years. The interest rate is 5.5%. How much interest will Ian earn after 2 years?
- Doug made a 3 year investment. The interest rate was 4.5%. After 3 years, he earned $675 in interest. ...
- Kim got a loan of $4700 to buy a used car. The interest rate is 7.5%. She paid $1057.50 in interest.
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