Under simple interest, the interest for n years is ________ times the interest for one year.
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Answer:
Under simple interest, the interest for n years is ___n_____ times the interest for one year.
Explanation:
In simple interest, the interest increases by a multiplication of the interest in the first year
For example, if the interest per year is $100,
The interest for 2 years = 100 x 2 = $200
The interest for 3 years = 100 x 3 = $300
The interest for 4 years = 100 x 4 = $400
Likewise, the interest for n years = 100 x n = 100n
Hope it is clear
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Answer:
20
Explanation:
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