How much interest is earned on $2,700 in one year if it is invested at 3%?
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P×R×T/100= simple interest.
P= principal=$2700
R=rate=3%
T=time=1 year
2700×3×1/100
=$81.
$81 is an interest on $2700 per annum.
P= principal=$2700
R=rate=3%
T=time=1 year
2700×3×1/100
=$81.
$81 is an interest on $2700 per annum.
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