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Answer to Question #280737 in Financial Math for sofía

Question #280737

calculate the simple interest of $850 is invested at 7% per annum for 2 years


1
Expert's answer
2021-12-20T07:53:50-0500

"Simple\\space interest=Principal\u00d7rate \u00d7time\\\\=850\u00d7\\frac{7}{100}\u00d72\\\\=119"


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