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Answer to Question #280738 in Financial Math for sofia

Question #280738

Calculate the simple interest for:

$850 is invested at 7% per annum for2 years


1
Expert's answer
2021-12-19T15:53:31-0500

"Interest, I=\\frac{PRT}{100}=\\frac{850\\times 7\\times 2}{100}=\\$119"


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