If money in a savings account earned 8% interest per annum, how much interest would be earned on $150.00 over three years?
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Step-by-step explanation:
IN SI SYSTEM
P=150
R=8%
T=3 YEARS
SI=P*R*T/100
=150*8*3/100 (removing 0 form both)
=15*8*3/10 (cutting 15 and 10 from 5)
=3*8*3/2
=3*4*3
=6*4
=24
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