Edward
has
₹60,000
in
a
savings
account
that
earns
2
%
annually.
The
interest
is
not
compounded.
How
much
interest
will
he
earn
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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