you invest $ 1000 in savings account that earns 3% interest for 3 years . Find the amount of simple interest that you would earn at the end of a 3 year period ( use p = IrT
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Answer:
900
Step-by-step explanation:
P=PRINCIPAL
R=RATE OF INTEREST
N=NUMBER
I=PRN
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P =$1000
R=3%
T=3years
Simple interest S I = PTR/100
=1000x3x3/100
= $900
R=3%
T=3years
Simple interest S I = PTR/100
=1000x3x3/100
= $900
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