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04-02-2021
Mathematics

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Write an equation to find the amount of interest $450,000 earns in 1 year at a simple interest rate of 3.5%. what is the amount of interest?

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05-02-2021

Answer:

$15750

Step-by-step explanation:

write the rule of simple interest, it's:

I=PRT

P=$450000 R=0.035 T=1

I=450000×0.035×1

I=$15750

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