Find the simple interest, when
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please ask a clear question which could be understandable
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mrk brainliest nd thanks me plss
Step-by-step explanation:
Simple Interest = (principal) * (rate) * (# of periods)
Simple Interest: ($100) * (.05) * (1) = $5 simple interest for one year.
Convert 5% into decimal= 5% / 100 = .05.
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